The Expropriation of Simón Bolívar

He was leader of Peru, and “President of Colombia.” The entire country of Bolivia is named in his honor. Born on July 24, 1783, he was serendipitously raised in an age of revolutions, and was one of the key leaders in the struggle for independence from Spain, which he would help to spread throughout Latin America. Just…

Cuba to Begin Taxing Profits

If one were to attempt a word association exercise starting with “Cuba,” it is very unlikely that “profits” would often follow, yet the island nation is counting on that unexpected connection to raise tax revenues. In short, Cuba needs more revenues to fund its socialist programs. To tax profits, of course, it is first necessary…