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Citizen Participation Council did not remove ban on tax havens

Posted On 09 Aug 2016

 

CONSEJO DE PARTICIPACION CIUDADANA-ECUADORTIMES

The Citizen Participation Council (CPC) will maintain the ban for those who participate in the attorney general selection contest of having capitals in tax havens, even though one of its members requested its removal.

Last Friday, during a plenary in Guayaquil, Counselor Juan Peña proposed the removal of the new paragraph or Article 14 of the regulation to elect this authority, approved by the agency with respect to prohibitions.

This states: “Those who hold investments, funds, shares, interests in companies domiciled in tax havens; or that have not reported these to the competent authorities in Ecuador may not postulate to hold the office, this includes their spouses.” This shall appear in the sworn statement of the contestants.

According to Peña, this has been “implicitly” related to the requirement of having exercised the profession of lawyer or officer holding the “notorious probity;” moreover, the Constitution, in the second clause of paragraph 3 of Article 11 states that “conditions or requirements that are not established in the Constitution or the law will not be required for the exercise of rights and guarantees.”

 

Source: http://www.eluniverso.com/noticias/2016/08/09/nota/5733996/cpc-no-quito-prohibicion-sobre-paraisos-fiscales

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