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

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 ...