Thursday, September 19, 2024
Advertisement
  1. You Are At:
  2. News
  3. Ap
  4. Cuba modifies some regulations unpopular with private sector

Cuba modifies some regulations unpopular with private sector

Cuba's government has modified a series of measures unpopular with country's private sector, including lifting restrictions on the number of business permits a person can have and the number of chairs there can be in restaurants

Reported by: AP Published on: December 06, 2018 8:30 IST
Cuba modifies some regulations unpopular with private sector
Image Source : AP Cuba modifies some regulations unpopular with private sector

HAVANA (AP) — Cuba's government has modified a series of measures unpopular with the country's private sector, including lifting restrictions on the number of business permits a person can have and the number of chairs there can be in restaurants.

In July, authorities announced tighter controls on self-employment, including that Cubans would no longer be able to run more than a single business and high-earning businesses would pay new taxes, among other measures. The controls were meant to prevent tax evasion, abuses and the accumulation of wealth after openings on the communist-run island had fueled the rise of a prosperous upper-middle class.

Labor and Social Security Minister Margarita Gonzalez said Wednesday that authorities decided to modify some of those regulations after listening to complaints from representatives of the private sector.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.
Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Ap