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Alvaro Noboa Talks About the Reopening of Cartonera and Banacont

During a press conference, Alvaro Noboa thanked and congratulated the Ecuadorian workers of Banacont and Cartonera Industry for their support during the closure by the IRS to these businesses on May 30, 2011. The closure of these companies was made by the Internal Revenue Service...
Posted On 07 Jun 2011
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Grupo Noboa Says SRI Closure is a Prosecution

For Douglas Romero, representative of Banancont SA, one of the Noboa Group (Grupo Noboa) companies that were closed this Monday, the measure adopted by the Internal Revenue Service (SRI for its Spanish acronym) is a “show “. “This only happens with Grup...
Posted On 06 Jun 2011
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Alvaro Noboa Backed Banacont and Cartonera Employees

Today, for a third consecutive day, managers and employees of enterprises Banacont S.A. and Industrial Cartonera Ecuatoriana S.A. gathered outside the facilities of the Internal Revenue Service of Guayaquil to demand the lifting of the closure that has been applied to those...
Posted On 03 Jun 2011
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So Far This Year, Tax Collection Grew 6.6% in Ecuador

The Ecuadorian Internal Revenue Service (SRI) reported that the first four months of this year compared to 2010, there were increases of 6.6% in tax collections in Ecuador. Between January and April this year 2010 there have been $ 3,053 million collected in net tax revenue...
Posted On 24 May 2011
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Taxes will raise on cars, cigarettes, and alcoholic beverages

After hearing the final results of the last referendum in Ecuador, the director of the Internal Revenue Service (IRS), Carlos Marx Carrasco, started to propose a tax reform. It was initially proposed to levy more taxes on alcohol, cigarettes, drugs and mobile calls but it was...
Posted On 21 May 2011
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Ecuadorian Government Will Recognize 80% of Tariffs Due to Lack of Atpdea

The Tax Credit certificate will recognize 80% of tariffs paid on domestic products that used to be exported to the United States. This decision was made by the Council of Foreign Commerce (Comex), that left the resolution ready just to be sent yesterday to the Gazette for the...
Posted On 19 May 2011
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Ecuadorian Government Will Control the Press

The government proposal to control the media won with a difference of 176,492 votes of the referendum on May 7. The plan to create a council to regulate the contents of the media won with a 3,333,480 votes which is equal to %44,6 for the “Yes,” the “No” had 3,156,988 which...
Posted On 16 May 2011
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Selling Flowers Dropped Due To Carriage and ATPDEA

According to the Association of Flower Producers and Exporters (Expoflores), on the eve of World Mother’s Day in the United States, first destination of Ecuadorian flowers, exports dropped about 5%, while in Europe it rose 15%. Last year, the U.S. imported about 5,772 tons...
Posted On 12 May 2011
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Bananera Representative Rejects SRI Assessment

During a television broadcast, Fernando Alarcón, legal representative of Exportadora Bananera Noboa, exposed his comments regarding the declarations of Carlos Marx, head official of the SRI, in national broadcast of the Ecuadorian Government on Wednesday 4 May 2011. On April 22...
Posted On 10 May 2011
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Chevron lawsuit: U.S. judge Rejects Petition

U.S. judge, Lewis Kaplan, temporarily blocked the enforcement of an environmental lawsuit in Ecuador against Chevron, he rejected applicants’ petition to get him out of the case. The district judge rejected the accusations that say he took sides in the lawsuit and called their...
Posted On 10 May 2011
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