“I Don’t Believe in Bequests, For Either Family Or Businesses”

ECUADOR - Report 22 Jun 2015 by Magdalena Barreiro
Executive Summary That was the thrust of President Rafael Correa’s statement, during a recent media appearance in Guayaquil, in response to Ecuadorians’ massive opposition to new bills that would sharply increase bequest and capital gains taxes. The country, led by Quito and Guayaquil, has been shaken by major protests that saw business people marching beside members of the Communist Party, workers, and housewives, together demanding that the president drop his proposals. Correa was quickly force to withdraw them, in what he called a “temporary” move. But these latest proposals were only th...

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