Before the revolution, underreporting taxable value saved money in - TopicsExpress

Before the revolution, underreporting taxable value saved money in taxes and thus put more of it back in the owners pocket. After the revolution however, this meant that those owners would lose out in a compensation package offered by the new Cuban government as the value of the compensation offered would be substantially less than what the property would be worth on the market. US owners of Cuban property wanted to both receive the real value of their property, but also not thereby tacitly admit what Castro and the Cuban revolution had accused them of, namely taking advantage of Cuba and Cubans for their own private gain.

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