Cuba legislature approves law to attract foreign investment

[JURIST] Cuba's National Assembly [official website] approved a law on Saturday that provides tax breaks and other incentives to attract foreign investors to grow business in the communist economy of Cuba. The Assembly voted unanimously in a special session to approve the law, which becomes valid within the next 90 days. The new law [Reuters report] reduces the profits tax from 30 to 15 percent and exempts investors from paying that tax for eight years. Many of the incentives are...

Source: http://jurist.org/paperchase/2014/03/cuba-legislature-approves-law-to-attract-foreign-investment.php

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