• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Second debate on BDH increase; PK, MPD and PSP are in favor

Posted On 20 Nov 2012
Today, the second debate on the Draft Law for the Re-distribution of Social Spending, was held.

Today, the second debate on the Draft Law for the Re-distribution of Social Spending, was held.

Today, in the plenary of the National Assembly, the second debate about the so called Draft Law for the Re-distribution of Social Spending, pushed by President Rafael Correa, took place, this bill sets the tax increase to private banks in order to have sufficient resources to increase the Human Development Bond (BDH for its Spanish acronym) from $ 35 to $ 50.

If the law gets approval, financial services (currently exempt) would have a 12% VAT; rises in taxes on the funds held abroad; the Banking Board, a state agency, would have the power to set salaries for senior bankers; an expansion  of the access from the Internal Revenue Service (SRI for its Spanish acronym) to bank information of citizens.

In the debate, several lawmakers gave their views, including:

  • Legislator Ramiro Teran (MPD) proposed that bonus recipients should not pay utilities and should not be charged interests on bank loans.
  • Assemblyman Luis Almeida (PSP) said “I stand on my position about bankers being without soul” and agreed with the approach, so his party will vote in favor of the project.
  • President of CONAIE, Humberto Cholango, along with Assemblywoman of PK, Diana Atamaint, said that after a “technical, economic and political” analysis, have decided to support the project.
  • Assemblyman Clever Jimenez (PK) said “the problem is not solved by increasing the bond” and announced that he would not vote in favor.
  • Assemblyman Cesar Rodriguez said “in the law there is nothing about a human development bond (…) the only thing available to the poor is $ 15.”

However, most assembly members decided to support the bill due to the coming elections. (MZ)

About the Author
  • google-share
Previous Story

Czech Republic wins the Davis Cup against Spain

Next Story

National Assembly approves BDH increase

SEARCH

LATEST NEWS

ecuadortimes-cristian-espinosa-was-appointed-ambassador-of-ecuador-to-the-united-states_cristian-espinosa-fue-nombrado-embajador-de-ecuador-en-estados-unidos

Cristian Espinosa was appointed Ambassador of Ecuador to the United States

Posted On 28 Jun 2024
ecuadortimes-daniel-noboa-receives-the-credentials-of-the-new-united-states-ambassador_daniel-noboa-recibe-las-cartas-credenciales-del-nuevo-embajador-de-estados-unidos

Daniel Noboa receives the credentials of the new United States ambassador

Posted On 27 Jun 2024
40-000-mujeres-recibiran-becas-en-educacion-superior

40,000 women will receive scholarships in higher education

Posted On 26 Jun 2024
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net