Originally posted by the Voice of America.
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               Cuba Passes Law to Cut Taxes for Foreign Investors

   Cuba`s parliament has passed a new law aimed at making the nation more
   attractive to foreign investors by cutting taxes.
   Lawmakers approved the new measures in an extraordinary session
   Saturday.
   The law cuts taxes on profits in half and exempts many foreign
   investors from the personal income tax.
   The measure also exempts new businesses from paying taxes during their
   first eight years of operation.
   Cuba`s minister in charge of economic reform, Marino Murillo, said the
   country needs at least $2 billion a year from foreign investors to
   reach its goal of 5 percent annual economic growth or better.
   The more than five-decade long U.S. economic embargo of Cuba bars
   American from investing there.
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   [1]http://www.voanews.com/content/cuba-passes-law-to-cut-taxes-for-fore
   ign-investors/1882222.html

References

   1. http://www.voanews.com/content/cuba-passes-law-to-cut-taxes-for-foreign-investors/1882222.html