HAVANA, Cuba.- Actions to try to reduce inequality between the rich and the poor in Latin America and the Caribbean were discussed this Monday at the eleventh International Meeting of Accounting, Auditing and Finances, which meets in the Convention Palace of Havana until next Wednesday.

“Fiscal policy is the heart of inequality,” Spanish economist Rosa Maria Cañete said, speaking about taxation for inclusive growth.

In addition, the coordinator of the Campaign against Inequality in Latin America and the Caribbean recalled that to reduce the deep difference in the area those who have more must pay more.

When referring to the Cuban context, Cañete said that the Cuban society is in a very singular moment, because it is thinking about how to design its fiscal system, without neglecting the social achievements reached so far.

Close the Way to Illegality

Cuba has penalized assets´ laundering for years, but since 2013, the legislation was expanded and considered as serious offences tax evasion, falsification of bank documents, embezzlement and bribery.

On the first day of the eleventh International Meeting of Accounting, Audit and Finances, specialist Mercedes Lopez, from the Central Bank of Cuba, referred to the national financial regulations in the confrontation with assets´ laundering.

Lopez noted that Cuba is among the four best evaluated at the global level in fighting operational risks.

In another lecture, Dr. Myrna Ricard drew up a historical panorama of the evolution of the accounting studies in Cuba that began in Cuba ninety years ago.