Ecuador’s Gonzalez Pledges VAT Cut in First 100 Days in Office

Ecuador presidential candidate Luisa Gonzalez of leftwing party Citizen Revolution pledged to cut the value-added tax, a key element of a current funding deal with the IMF, if she wins the upcoming election, she said in an interview with Mexican magazine Sufragio.

• Slashing the tax to 12% from 15% would be part of a package of fast-track economic bills to accelerate growth and boost hiring, she added
• NOTE: Gonzalez, mentored by self-exiled former President Rafael Correa, faces a runoff April 13 against incumbent market-friendly President Daniel Noboa after they ended up tied in the Feb. 9 first round of ...