Taxation in Cuba - Taxation: News & Information

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“Sin Tax” Collections Down in Philippines

Collections of the so-called “sin taxes” levied on “sinful” products, such as cigarettes and alcohol, dropped in 2011, leading to calls for a reform of the excise tax system.

“Sin Tax” CollectionIndia Delays Tax Changes

India will aim to boost the confidence of international entrepreneurs investing in India by delaying the implementation of new anti-avoidance rules and reducing withholding taxes and excise duties.

ID Thieves in USA Steal $26 Mil of Refunds

More than 600 000 US taxpayers were victims of identity tax fraud in 2011, and the IRS does not have the capabilities to adequately detect and prevent such offenses.

One Third of Taxes in Australia to Fund Welfare System

Almost AUD 100 from the tax payments made every week by an average Australian will now go directly to funding national welfare programs to subsidies low income families.

US Considers Business Tax Reforms

The Obama administration has proposed a major update of the corporate tax rules in the USA, which would broaden the base for corporate taxes, simplify compliance, reduce the corporate tax rate, and encourage a greater level growth in the country’s manufacturing sector.

May 30, 20110

Cuba Cuts Taxes to Encourage Private Enterprise

Categories: Taxation in Cuba

The government of Cuba is loosening national business and tax regulations in an attempt to spur growth in the national job market, and reduce the financial burden of state-sector wages. The Cuban Council of Ministers released a statement, which was published on May 27th in the national newspaper Granma, saying that new regulations would soon be instated to ease tax burdens on small private enterprises. The publication detailed the outcomes of a Cabinet meeting chaired by the President of Cuba Raul ... Read More