Ecuador’s Lasso Moves to Hit the Ground Running With Tax Reform

April 14, 2021, 10:35 PM

Ecuador’s President-elect Guillermo Lasso plans to introduce tax reforms as soon as he takes office next month aimed at encouraging commerce and boosting government revenue with an eye on balancing the budget by the end of his term.

The 65-year-old career banker, who with Sunday’s election victory becomes first fiscal conservative to govern Ecuador in close to two decades, wants to cut taxes rather than increase them. Lasso is banking on the combination of lower tax rates and stepped-up collection that deters tax evasion.

“Don’t tell me you’ve been an entrepreneur for 10 or 20 years and that you’ve never ...

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