Back

Weekly Report - 07 April 2016 (WR-16-13)

ECUADOR: Increase in sin taxes rankles

Authorities in the Ecuadorean capital Quito were gearing up for fresh pro- and anti-government protests on 7 April over the latest organic law for the equilibrium of public finances (Ley Orgánica para el Equilibrio de las Finanzas Públicas), which among other measures raises ‘sin taxes’ on cigarettes, alcohol and sugary drinks. Critics accuse the cash-strapped left-wing government led by President Rafael Correa of picking people’s pockets as weak oil prices bite harder. Correa argues that the latest law is designed not only for the fiscal but also for the physical health of the country.

End of preview - This article contains approximately 524 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.