Traders: Laws are a disincentive for investment

President of the Chamber of Commerce of Guayaquil Pablo Arosemena, called the inheritance and capital gain bills ‘a disconnection’ of the government with the productive sectors, families and the civil society.

“He should kindly explain (the president) how these two taxes will contribute to the revival of the private sector, the productive sector and the creation of more and better jobs,” Arosemena said.

For him, beyond the effect these taxes will have on liquidity and collection is the sign of discouragement for small investors and entrepreneurs. What he called the ‘heritage’ of this government must be added to this: 27 reforms to tax laws and 25 to regulations of this type.

Source: http://www.eluniverso.com/noticias/2016/05/26/nota/5600325/comerciantes-leyes-son-desaliento-inversion