Previous Story
Cynthia Viteri expects more loans with tax benefits
Posted On 17 Jan 2017

The presidential hopeful for the Social Christian Party (PSC), Cynthia Viteri, proposed the exemption of the 50% of the income tax (IR) for the bank loans granted to the agricultural sector and microcredit, as a measure to revive the economy.
Currently, she said, the private financial system has placed $ 20 billion in loans, of which 7% was granted to microcredit and 8% to the agriculture sector.
The announcement was made along with her Vice President candidate Mauricio Pozo, who explained that the proposal is a market stimulus; qs he said that an incentive of this nature could give room to double the participation of the agricultural sector.
He anticipated that they have a team of lawyers working on a proposal for referendum, to end the terms of control authorities appointed during the government of Rafael Correa; In addition, they will elaborate the mechanism to eliminate the Council on Citizen Participation, so that no government can “put the hand” in the appointment of the control authorities.