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14yMedio reports from Havana via Translating Cuba: Cuba: The Dollar Breaks a New Record on the Black Market at 275 Pesos The US dollar set a new record in Cuba on Monday by trading at 275 pesos on the informal foreign exchange market, which deepens the strong depreciation of the local currency since the economic
Time to slap on taxes. what are these multibillion dollar breaks? we asked tax law expert professor michael grats of columbia law school. >> the rules are terribly arcane. they're terribly complex. you know, i don't try and teach them to my students in a basic income tax class. >> one goes back to 1916, that graetz says allows oil companies to deduct roughly 17% the cost of creating a well that produces oil. a more current one came in 2004 called the domestic manufacturing deduction for manufacturing at home rather than an broad, eliminating it says the left leaning think tampg center for prog...
Time to slap on taxes. what are these multibillion dollar breaks? we asked tax law expert professor michael of columbia law school. >> the rules are terribly arcane. terribly complex. you know. i don't try to teach them to my students in a basic income tax class. >> one goes back to 1916. he says allows oil companies to deduct roughly 70% of the cost of creating a well that produces oil. a more current one came in 2004. called the domestic manufacturing deduction. tax break for manufacturing at home rather than abroad. eliminating it says the left leaning think tank center for american progres...