Profits from shares sales in Ecuador will compensate the fall in oil prices

The draft Law of production incentives and tax fraud prevention, to be debated this December 22, establishes the payment of income tax (IR for its Spanish acronym) to the revenues generated by the occasional sale of shares. This and other measures are part of this package of...

Government expects that $ 415 million invested in Yasuní become profits

Macroeconomic projections of the government contemplate strong revenues from oil exploitation in the Yasuní nature reserve, in the coming years. According to the economic report that the state company Petroamazonas submitted to the National Assembly last week, the works in block...

Movistar Workers present their proposal to the Assembly

Representatives of Movistar workers went yesterday to the Assembly to deliver their proposal to the Commission of Autonomous and Decentralized Governments. This commission was appointed to debate the draft law that reduces telecommunications companies profits from 15% to 3%. Juan...

Correa plans to set limits on profits

President Rafael Correa announced that the government is examining the possibility of establishing a ceiling on the profits of a certain sector of the country’s workforce. Correa recalled that until the mid-90s there was a limit on profits in order that “there is no...

Commission of the Assembly in charge of the profits is changed

The Council on Legislative Administration (CAL for its Spanish acronym) resolved that the draft amendments to the Telecommunications Law, which raises to lower the worker participation in the profits of the companies in this sector, will be unified in the process already made by...

Commission for report the Telecomunications Reform Law is designated

The Commission of the Autonomous Governments will analyze and prepare the report for discussion, at the plenary session of the Assembly, for the amendments to the Special Telecommunications Law that seeks the redistribution of the profits of workers in phone companies. The...

Ministry will no longer be responsible for paying profits to former employees

From 2015, employers will have to assume the payment of profits to their former employees. Currently, when entrepreneurs were unable to locate former employees, they delivered the amount to be paid to the Ministry of Labour Relations, and that body was responsible for the...

Telephone workers marched in defense of their profits

About 400 employees of the telephone companies, Claro and Movistar, marched on Wednesday September 17 from the offices of Telefónica Movistar, to the Ministry of Telecommunications at 13:00. Private employees showed posters and slogans such as: “It’s just air,...
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