For every $1 in remittances sent to #Cuba, in order to deny a 0.13 tax to the Cuban military, the Trump administration intends to block the other 0.84 meant to go to Cuban families.
All in the name of “supporting the Cuban people.”
It really doesn't get dumber than that.
All in the name of “supporting the Cuban people.”
It really doesn't get dumber than that.
https://twitter.com/reuterssarah/status/1268342965824638984
I’ll be the first to say the #Cuban government should lift its tax on remittances. But you have to be pretty thick in the skull to think this measure by the State Dept will encourage them to do it.
This will only open the market for third-country money transfer agencies to fill and incentivize money laundering through informal channels. Not to mention pile on even greater hardship on the Cuban people who this farcical policy pretends to “support.”
A correction: official exchange rate in #Cuba is 1 USD = 0.87 CUC (gov pins CUC to the dollar & charges a tax). But the current rate for Western Union transfers is 1 USD = 0.97 CUC. So rates change, but ridiculousness of my example holds, unless contracts get grandfathered in.
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