Fiscal devaluation has uncomfortable edges that already annoys

Ecuadornews:

The objective of reducing the employer’s contributions to the social security is to minimize the burden of the exporting companies so that sales abroad are more competitive. If the structure of costs in the export chain falls, so will the prices of its products and, these will be able to have more competitive prices abroad despite the strength of the dollar. But former Finance Minister Fausto Ortiz questions these incentives that bring pressure on tax authorities. As the contributions fall, revenues fall and this, Ortiz forecasts, would lead to more taxes.

Executive Director of the Business Committee Roberto Aspiazu was blunt in questioning that the private sector does not need a “subsidy.” The business guild aims a review of the tax burden borne by companies. Fiscal policy is the most significant stumbling block between the public and private sectors. The first needs more income and the second, to cut costs. (I)

Source: http://www.expreso.ec/economia/la-devaluacion-fiscal-tiene-aristas-que-ya-incomodan-XE1547440