Daily Tax Report: International

Ecuador’s Lasso Says He Won’t Increase VAT if Elected President

Oct. 14, 2020, 10:23 PM

Conservative presidential candidate Guillermo Lasso of the CREO party said in a streamed campaign event said he would rather cut than raise taxes if he wins the 2021 elections.

  • “In our government, we won’t increase any taxes; to the contrary, we’ll seek to eliminate the excess of taxes that exists in Ecuador”
  • Lasso pledged to eliminate the currency export tax and maintain the value-added tax at the present level
  • Lasso promised “an investment shock” that would help strengthen fiscal income
  • The IMF’s recommendations are recessive and negative amid the Covid-19 crisis, he said
  • “The current government’s commitments are those of...

To read the full article log in. To learn more about a subscription click here.