Ecuadorian businessmen are opposed to tax increases

The plenary of the Ecuadorian Business Committee (EEC) decided yesterday its stance before the National Assembly on the draft Organic Law for the Balance of Public Finances: “We do not agree with more taxes.”

This was stated by Richard Martinez, president of the union, on the thirteenth tax reform of this regime.

Pablo Arosemena, president of the Guayaquil Chamber of Commerce, said that in times of crisis is not convenient to raise taxes, but rather to lower them to generate a higher consumption and more jobs.

Martinez warned that the $ 300 million they say they will raised with this law are not enough to cover the need for funding that would be more than $ 6,600 million and requested more solutions to problems such as the lack of liquidity and loss of competitiveness.