The Associated Press reports from Havana on a new law intended to attract more foreign investment to Cuba: "The law would cut taxes on profits by about half, to 15 percent, and make companies exempt from paying taxes for the first eight years of operation."
So Castro's Communist Cuba is going to have lower taxes than America!
(Truth is, of course, that in the absence of a respect for private property rights built into a tradition and a rule of law, one can't really predict with any confidence what the tax rates will be in Cuba. The tax rates in Cuba will be whatever the Castros want them to be, and any company that invests against a promise of no taxes for eight years and then a 15 percent rate may find itself unpleasantly surprised when the rate increases.)