The ministers will not go to trial for having money in tax havens
Posted On 15 Mar 2017
The government’s purpose is already a bill. The referendum that determined that public officials can not have resources in tax havens was reflected in a proposal of seven sections and several sanctions. Today, the Legislative Council of Administration (CAL) will decide its process. One possibility, according to Legislator Richard Farfan, is that the bill be discussed in the next Assembly because it is not an economic emergency.
The text establishes that, until March 6, 2018, public officials must submit a sworn statement to the National Audit Office stating that they have ceased to hold properties in countries considered as tax havens. The transfer of assets to “relatives to the fourth degree of consanguinity and second of affinity” will not be valid, clarifies the document that describes as “dark and uncertain” the movements of capital in those places.
What will happen to those who breach the law? Dismissal is the immediate measure, but not the only one. The Assembly will initiate political judgments to defaulters, provided they are not ministers. They will be dismissed from their duties by the President.
The leaders of local governments, however, will be dismissed by order of their respective councils.
For the rest of civil servants, executive summaries, additional sanctions, and even dismissal are established.
The outgoing president Rafael Correa acknowledges that the law is based on the ‘Panama Papers’ case that was disseminated by the International Consortium of Investigative Journalists.