Ecuador: Banking industry forced to participate in payments to poor, new taxes on assets abroad

Posted on October 27, 2012 • Filed under: Business, Economy, Ecuador

The President of Ecuador, Rafael Correa announced on Sabatino Link 295, held in the city of Tena, the mechanisms used to finance the Human Development Bond (BDH), which will increase from $ 35 to $ 50. The president said that this was a decision was made.
Information on bonos“>Measures (see presentation)

Tax assets abroad

This tax was 0.08%, 0.25% will now, in this regard, the President said that the bank invests abroad “with its silver and our money and that’s not good” so it’s time to invest in our country. Proceeds from this measure will get $ 48.5 million annually.
Taxes on foreign assets

The money goes to banking subsidiaries in tax havens where there is no control and do not pay taxes, “but here they take their money paid to tax havens”. This will mean $ 38.7 million annually. Read Article

Share This Story
  • Print
  • Digg
  • StumbleUpon
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email