US EditionGovernment Will Abrogate 4 Taxes, Such as the Itf and Big Fortunes
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GOVERNMENT ABROGA CUATRO IMPOSTOS, INCLUDING THE GREAT FORTUNES AND THE ITF, TO REACTIVATE THE ECONOMY The Minister of Economy, José Gabriel Espinoza, reported this Tuesday that the government decided to abrogate four taxes considered unefficient and harmful to the investment climate in the country. To specify the measure, three projects will be sent [...] The entry The government announced the abrogation of four taxes, among them the Tax on Fin…
In a press conference the Minister of Economy, José Gabriel Espinoza, announced the abrogation of four taxes: the Tax on the Great Fortunes, on Financial Transactions, on Gambling and on Business Promotions. He explained that, although these taxes represent less than 1% of the national revenue, they have generated distortions in the business climate, discouraged investments and caused capital flight. The government will send three laws to the As…
In addition, taxes on gambling and business promotions will be cancelled. “These four taxes do not represent more than 1% of the tax revenue,” said the Minister of Economy.
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