Cuba

(Draft Bill)

CUP2000 monthly Universal Basic Income per citizen under a CUP19,200 yearly income

Universal Basic Income for under age 16 is paid to legal guardians

CUP15 an hour minimum wage (including gig work)

20% consolidated flat tax over CUP12,000 a year (with double taxation)

20% corporate tax on profits

20% value added tax tax on each stage of sale (paid quarterly)

20% value added tax on imports

VAT tax registration over CUP12,000 a year

Sole trader registration over CUP12,000 a year

Recreational drugs are decriminalized

Estimated Revenue: CUP100 billion a year (CUP10 billion surplus a year)