According to the Economic Forum, the contribution of the companies would represent a fifth of what would eventually be collected with the application of the Law
72% of the collection for the Special Humanitarian Assistance Account, which is created with the Humanitarian Support Law, would come from public and private workers with and without dependency. While the contribution of companies with profits above USD $ 2.5 million is only 20%. This was reported by the Public Finance and Economy Forum.
According to the report for the second debate on the bill, prepared by the Economic Development Commission of the National Assembly, the Forum made an estimate of the tax impact.
They explain that 72% will be contributions from workers, which means USD $ 402.8 million, mainly from unrelated workers who would be obliged to contribute USD $ 228.4 million, which represents 41%.
In the document, the Forum mentions that there was a modification from 1.0 to 2.5 million dollars in the profit contribution base, which represents 20% of the total collected; that is, USD $ 110.1 million, which would be carried out by only 49 companies
In addition, they indicate that a new contribution was included on real estate in Ecuador owned by companies domiciled in tax havens, for the equivalent of 2% of the cadastral appraisal of fiscal year 2020, which represents 8% of the total collected for this special account .
In total, according to the Forum, this account is expected to obtain close to USD $ 562 million.
“Once again the principle of” solidarity “invoked by the government is violated because it is evident that those who have the most are not the ones who contribute the most. Nor does the principle of fiscal justice based on non-tax regressivity apply, ”the Forum claims in the document.
This Wednesday, May 13, 2020, the Plenary of the National Assembly will know the final report of this bill and must vote for its approval or archive.
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