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BREAKING NEWS
Ecuador adopted three resolutions as president of the UN Security Council
Almost 3,000 commercial connections between China and Ecuador leave ‘Expo China 2023’
Metros in Latin America welcome the Quito Metro
Ombudsman’s Office: 4,000 Venezuelans have entered Ecuador from Peru
Eduardo Peña is delegate to preside over the Board of Directors of the IESS
Daniel Noboa and the new Military Chief talk about a war against organized crime
Supermarkets and restaurants use self-service checkouts
President Daniel Noboa visited the Quito Metro
Assembly installed the new Comptroller General
Vice President Verónica Abad agreed to go to Israel

Without giving a date, President Rafael Correa said he will insist on Inheritance and Capital Gains laws

Posted On 08 Dec 2015

 

Image: El Universo

Image: El Universo

The president gave no date or details of the content, but insisted that his goal is to generate a correct “distribution of wealth and cut illegitimate sources of wealth;” in addition to cut “widespread forms of evasion,” as the creation of trusts or foundations abroad, or the underreporting of the value of goods to pay less property taxes.

Correa recalled that during the national dialogues promoted first by the Senplades and then by the Coordinating Ministry of Social Development important suggestions for the standards have been collected; He added he would like to hear more opinions from mayors about capital gains.

The announcement generated discontent in the private sector. Roberto Aspiazu, executive director of the Ecuadorian Business Committee, said that these statements have “taken them by surprise.” “We believe that right now there are other priorities of the government management instead of think about a couple of bills that once caused a very strong reaction against them,” he said.

 

For his part, Francisco Alarcon, president of the Chamber of Industries of Guayaquil, said that it is unfortunate to re-discuss these laws, especially “when the economy is going through a difficult time.” He said that “at a time when production needs to be stimulated, they once again talk about laws which are disincentives for the most intimate reasons for risk in investments.”
Translated into English by Pierina Abad
Source: http://www.eluniverso.com/noticias/2015/12/08/nota/5286639/dar-fecha-presidente-dijo-que-insistira-leyes

 

 

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