Amid unrest, Correa projects fell tax

Amid unrest, Correa projects fell tax -

President Rafael Correa last night issued a message to the entire population. In order to prevent outbreaks of violence distributed across the country is widespread, he decided to withdraw the draft law on the creation of taxes that fell on inheritance and capital gains.

These taxes were tax intended on the one hand, transmissions gratuitously (inheritances, donations, findings, etc.) of goods and rights located in Ecuadorian territory. However in all cases would not apply only pay this tribute inherited large masses of the country's richest assets.

The project contained two types of progressive rates. For direct heirs, the marginal rate ranges from 2.5% to 47.5% (parents, children, grandparents, grandchildren). And for no direct heirs, from 2.5% to 77.5%.

On the other hand, the so-called capital gains tax was intended to tax the extraordinary gain from the transfer of goods. In this sense, the ruling was to restrict large real estate business by applying a rate of 75% to net profit in excess of 24 basic wages. In this regard, Correa had said. "Any additional value that is not the result of direct action owner is illegitimate gain"

According to official sources, both taxes had fallen to 2% of the richest population . the country

following these proposals, the South American country was experiencing a week of heavy convulsions the main flashpoints were concentrated in major cities.. Quito, Guayaquil and Cuenca in for the first two, the demonstrations had the momentum, in addition, their own mayors, Mauricio Rodas (Quito) and Jaime Nebot (Guayaquil).

freedom of expression in the media

E n the substance of the debate, both sectors did not fail to point to a key player. media

President Correa, since he began his first term in 07, has denounced the constant attacks that receives from a press concentrated and associated with large economic groups. This time, he criticized that one of the causes of violence generated in the streets of the country was fueled by the mainstream media in the country who spread the concerns of its directors. He criticized the press of being "an accomplice of opposition groups, with the help of foreign advisers want him down."

On the other hand, amid social tensions, Secretary of the Department of it state for Latin America US Robert Jacobson called via Twitter the Correa government "to respect freedom of expression as a fundamental democratic right."

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