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Taxation in Cuba is regulated by the Law 113 of 2012. [1] The law establishes the form and basis of taxation in Cuba. Income tax
The Cuban peso (in Spanish peso cubano, ISO 4217 code: CUP) also known as moneda nacional, is the official currency of Cuba.. The Cuban peso historically circulated at par with the Spanish-American silver dollar from the 16th to 19th centuries, and then at par with the U.S. dollar from 1881 to 1959.
Cuentapropista (Spanish: kwen.t̪a.pɾo.ˈpis.t̪a) is a Cuban term for a person who lives from his own business and is a "non-state" worker. [1] [2] The term is often used in Argentina and Uruguay as well, however, in most other Spanish-speaking countries, this would be referred to as a "trabajador por cuenta propia" and/or "trabajador autónomo".
The Central Bank of Cuba (Spanish: Banco Central de Cuba - "BCC") functions as the central bank of Cuba. The Cuban government set it up in 1997 to take over many of the functions of the National Bank of Cuba (Spanish: Banco Nacional de Cuba - BNC). Francisco Soberón Valdés served as the Bank's President from its creation until he stepped down ...
The economy of Cuba is a planned economy dominated by state-run enterprises. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution.
The Central Bank of Cuba (Spanish: Banco Central de Cuba, BCC) is the central bank of Cuba. It was created in 1997 to take over many of the functions of the National Bank of Cuba (Spanish: Banco Nacional de Cuba ), which was established on 23 December 1948 [ 2 ] and began operations on 27 April 1950.
It was formed in 1965 by the merger of two previous papers, Revolución (from Spanish: "Revolution") and Hoy ("Today"). [1] Publication of the newspaper began in February 1966. [2] Its name comes from the yacht Granma that carried Fidel Castro and 81 other rebels to Cuba's shores in 1956, launching the Cuban Revolution. [3]
After the opening of the island to world trade in 1818, trade agreements began to replace Spanish commercial connections. In 1820 Thomas Jefferson thought Cuba is "the most interesting addition which could ever be made to our system of States" and told Secretary of War John C. Calhoun that the United States "ought, at the first possible opportunity, to take Cuba."