Wednesday, April 02, 2014

DeWayne Wickham: You’ve got to wonder whether anyone in the Obama administration hears the pinging of Cuba’s economic reforms

Excerpts of the article:

You’ve got to wonder whether anyone in the Obama administration hears the pinging of Cuba’s economic reforms.

The most recent sound came Saturday, when its national assembly adopted a measure that moves the communist country closer to the mainstream of international business. This new law offers major financial incentives for foreign businesses to enter into joint ventures with Cuban companies and, for the first time, permits foreign investors to own up to 100 percent of a business on the embattled Caribbean island. This new law also exempts most investors from paying a tax on their profits for eight years.

Link to the complete article

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