Most of those who appeared before the Economic Development Commission of the National Assembly focused their observations on the urgent project on Fiscal Development and Sustainability on the new income tax table proposed by the Executive, new contributions, collection of assets and reduction of deductions for personal expenses.
That was the first assessment made by the vice president of the table, Wilma Andrade (ID), on the last day of appearances in which she stated that all the sectors that have required to be present in the process of socialization of the Executive’s project were received.
These contributions will be systematized, he announced, and stressed that the technical table composed of representatives of the Government, productive sectors, academia and citizens will allow faster progress in the analysis and establish prior agreements. The first meeting of that technical team was scheduled for November 10, starting at 5:00 p.m.
Legislators begin to define positions regarding the Economic Development and Fiscal Sustainability Law
Andrade commented that there were also questions regarding the return of capital, for which parameters should be established because this will allow at least the people who paid taxes on capital outflows to return without major obstacles.
Daniel Noboa, president of the Development commission, stressed that more than 50 appearances were received and that on Saturday, November 14, they will have the report for the first debate.
He expressed that no tax reform is popular, but as it is proposed it is “pure palazo”, and if it is going to give a pure palazo, they have to give hope in the medium and long term, and that is what the commission will try to do in the face of the Executive proposal.
There will be many urgent changes to the economic project, Noboa anticipated, as he said that as the contributions are raised, they affect the country’s middle class and consumption too much, and this in turn will affect tax collection.
Likewise, he commented that the commission will try to find a way out of the wealth tax, since there are people who have farms or elderly people who have farms or buildings, but who are seriously affected, because they do not have liquidity to pay a tax as proposed. government.
UNES legislator Pabel Muñoz warned that his bench observes four major packages in the bill: contributions, income tax, conflicts of interest and the elimination of fiscal holes.
He said that UNES understands that this is a time to think about contributions, but it cannot be that contributions put weight on citizens and not on companies; Well, worldwide today it is discussed taxing the richest, but in the reform of the Executive it is observed that the hard blow falls on the middle class.
He argued that his bench will propose that a contribution be tested in which the 270 largest groups in the country will be tested, there are 900 people in a country of 17 million, and it will have exactly the same tax effect that the Government intends.
Muñoz pointed out that according to the Executive’s proposal, people are taxed on equity from one million dollars and companies from five million, which is completely an unintelligible leap.
He also warned that the elimination of deductions for personal expenses will affect the tax culture in the country, since it will return to the logic of the question whether or not you want to invoice.
The Democratic Left, according to the coordinator Alejandro Jaramillo, in the meeting with the Executive, it was proposed to make modifications regarding the contributions of natural persons, and for this reason they propose that the tax base begins from those who earn $ 3,500 per month, or that keep the base of $ 2,000 but without the exemptions like the thirteenth and fourth salaries, vacations and utilities.
The first president was proposed, according to Jaramillo, not to eliminate the inheritance tax, as well as that the tax on the special contribution to the patrimony of the people is not one million dollars, but is from $ 500,000 . (I)
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