Inheritances proyect is today delivered to the National Assembly
Posted On 05 Jun 2015
This Friday will be delivered to the Assembly the draft of the Organic Law of Tax Justice for the Redistribution of Wealth, responsabe to reforms payments for inheritances and capital gains. Reported via his Twitter account the President of Ecuador, Rafael Correa.
The Bill establishes a progressive tax with a tax base of $35,400, while the tax surplus of the basic fractions, ranges from 2.5% to 77.5%.
According to the President, law allows the payment of tax with actions to workers. Thus democratizes the property and the State does not receive a penny
The President of the Ecuadorian Business Committee, Henry Kronfle, explained “it so doesn’t work in the real world”. He said that theory should be forgotten, because insofar as there are thousands of shareholders, decisions are more difficult to take.