“Cuba’s communist government has drawn up a new foreign investment law that will cut the profits tax in half and exempt investors from paying it for eight years in an attempt to attract desperately needed capital into the economy. But the proposed law appears to withhold many of the tax benefits from companies that are 100 percent foreign-owned. The proposed law includes a clause that bans expropriations except in cases of public interest previously established by the government, in which case investors would be compensated. The new investment law continues the structural economic reforms under way in Cuba since President Raul Castro took over from his ailing brother Fidel in 2008.”
http://www.reuters.com/article/2014/03/26/us-cuba-investment-idUSBREA2P23Z20140326
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