Businessmen believe that Inheritance bill affects trust
Employers agree that laws are made to prevent circumvention of the Income Tax (IR), as suggested by the draft law sent by President Rafael Correa, last Friday, to the Assembly.
In something they disagree is that it is not the best moment, even if the proposal the current chart that levies “inheritances,donations and legacies” remains intact, Miguel Angel Gonzalez, alternate president Guayaquil chamber of Commerce (GCC) told to Daily Expreso.
González predicts that once again the (business) trust will be affected, which was shaken at the time with the so-called Law of Inheritance, which is so longed by the regime right now the country undergoing an economic crisis.
In the draft law the possibility of transferring inheritances, donations or bequeststo a trust abroad (or national) to manage it and so avoid paying IR is cut.