Posts Tagged ‘Reuters’

Cuba: Citizens with no property rights to pay 35% tax rate

Thursday, November 29th, 2012

Thanks to fifty years of Communist rule, Cuba’s broke, and will continue to be broke. And now, Cubans will be taxed on what they don’t own.

Adding to the preposterousness of the situation, Reuters reporter Marc Frank, formerly of Communist Daily, comes out with an article where he posits that Most Cubans have not paid taxes for half a century, but that will change under a new code starting January 1,

The new code covers 19 taxes, including such things as inheritance, environment, sales, transportation and farm land, various license fees and three contributions, including social security.

Inheritance of what?? The regime abolished private property from the get-go, and it has not restored it,

It’s a perversely absurd view of the issue. The truth is that the castro regime, like all other totalitarian ones, is concerned with complete control of the citizenry. Political control, economic control, it’s all the same and necessary for the retention of power which is the sole aim of despots. castro, inc. is interested in generating revenue wherever it can while maintaining as much control as possible. I’ve stated many times that if raul castro truly wanted to implement the “Chinese Model” economy into Cuba he could have done so by now. He doesn’t do it because he knows Cuba is not China and the Cuban people will not be so easy to control once they have more economic self-determination. The regime wouldn’t last six months under a Chinese type of economic system.

Frank’s assuming that “businesses will become cooperatives or be privately leased” and will be able to survive enough to pay taxes.

Yeah, right.

What happened to the small businesses that were mowed down in the 1990s? What about this year’s new import fees?

Kevin McCullough:

So when the state controlled industry, businesses endured a 100% tax rate, and the nation never rose to prosperity, never saw an increase in take home pay, never really ever saw a modern way of life take hold.

Memo to Kevin: The state still controls everything in Cuba,
New Cuban Tax Just Same Old Communist Expropriation

the money workers could earn if free to choose their employers at wages that reflect their worth now all goes to the state and its “free” programs. Officially or not, it’s a tax well beyond 99%.

And what a surprise, the Castro brothers just happen to have personal fortunes in the billions of dollars, according to the last Forbes estimate. That’s a lot of taxes.

The Castro dictatorship is looking to take cash from the supposedly independent new businesses it’s permitted to set up shop, originally as a way of cutting the bloated state employment rolls.

Far from being a market liberalization or modernization, the Castroite tax hike is nothing but a shakedown of businesses that are struggling to grow, and an effort to reassert the power of the state over its citizens.

It’s the same-old, same-old, folks.


SPECIAL TIME: Today’s podcast at 3:30PM Eastern

Thursday, April 8th, 2010

Instead of the regular 11AM time, today’s podcast will be at 3:30PM. My special guest will be James Pethokoukis of Reuters’s Political Risk. We will talk about VAT taxes, net neutrality and the business environment.

Honduras: Reuters Runs Yet Another Staged Photo

Monday, July 6th, 2009

My latest post, Honduras: Reuters Runs Yet Another Staged Photo is up at RightPundits. Please read it and leave a comment if you may.

I’ll be talking about this in today’s podcast at 11AM Eastern.

James Pethokoukis in today’s podcast

Thursday, June 18th, 2009

In today’s podcast at 11AM Eastern, James Pethokoukis of Reuters talks about government healthcare, the economy, and why foreign governments
are not buying US debt.

Chat’s open at 10:45AM. Join us!