The tax burden weighs on 700 companies

Image: Expreso

They are about 228,000 companies registered in the IRS, which turn on their machines every year. They provide employment, they produce, they generate sales revenues and at the end of the year, if they obtained profits, they distribute them among workers. But not only their shareholders and employees benefit from part of those gains, the State also benefits, since it levies taxes, generally the 22% of the Income Tax (IR).

But there is a downside, the increased tax burden falls on the shoulders of less than 1% of all of them. 700 companies are paying about 80% the total amount collected by the IR, according to a study of the tax consulting firm Fidesburó, signed by its partner Pablo Guevara.

Source: http://expreso.ec/economia/el-peso-tributario-cae-en-700-empresas-KE204826