Cuba’s Development Czar Presents Report to Deputies

HAVANA TIMES, Dec 24 — The head of the Permanent Committee on Development and Implementation, Marino Murillo, presented a comprehensive report yesterday that concluded the seventh session of the legislature of the National Assembly of Popular Power (Cuba’s parliament).

Among the many topics covered, Murillo noted the decline in the tax burden on workers, which by 2012 will see the amount of income exempt from taxes raise from 5,000 to 10,000 pesos (1 peso = 0.04 USD).

The official announced that the Tax Law would be submitted for approval before the National Assembly at its meeting in July of next year.

The head of the committee reported that experiments are planned for cooperatives involved in non-farming activities as well as in certain government business organizations.

 


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