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BREAKING NEWS
Extra and eco gasoline prices at $2.40 and diesel at $1.75 are already in force in Ecuador
Ministry of Agriculture began the delivery of seeds, inputs and subsidized fertilizers up to 70%
Guillermo Lasso: ‘Now together we begin the task of transforming this peace into progress, well-being and opportunities for all’
Government and Conaie agree to end the strike after a tense morning
Ecuador asks Mexico for a response on bananas and shrimp
Losses in the non-oil export sector amount to $85 million in 16 days of strike
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers

Traders: Laws are a disincentive for investment

Posted On 26 May 2016

 

comericos-ecuadortimes-ecuadornews

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

 

 

 

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