The dire reality of this war of national survival against drug cartels and organized crime leads us to understand that the costs of this war can only be paid for by exploiting natural resources or taxes.
Although he voted in favor, Daniel Noboa does not rule out delaying the closure of the Yasunà ITT What did he say during the campaign?
Today we are faced with the payment of new or increased taxes, as in the case of VAT, because we – at least to a large extent – decided by plebiscite to close the ITT oil wells as a contribution to saving the world from environmental degradation. This, as the rich world races fiercely to increase hydrocarbon production; The US is emerging as the largest oil producer and wants to cover the needs of Europe to compensate for those of Russia, which is now selling it to the Asian giants, China and India.
It’s time for Ecuador to reverse this suicidal decision to plug ITT’s oil wells, especially since that production is not even a thousandth of the world’s: no one will thank us for the quixotic renunciation.
President Nobo talks about mixed VAT, ITT moratorium, contributions and even subsidies to face the lack of resources
The cost of covering the well alone doubles what would be gained by increasing the VAT and means a permanent loss of that revenue for the central government and for the residents of the region.
Unfortunately, only a moratorium on well capping is proposed; at least a year, says the President of the Republic Daniel Noboa, which means little because the problem will continue even later. This is a review that must be consulted with the people in a plebiscite; Citizens must decide whether they want to pay more in new taxes. Some said, in the previous plebiscite, that there are environmental protection funds in the world. Where are they? Is there an ATM to withdraw these funds?
VAT and ITT
Temporary taxes are discussed in the National Assembly, as if there is not, in addition to the funds needed for the war, a deficit of more than five billion dollars that must be resolved. The president seems susceptible to alliances with political groups that are not interested in his success because they are thinking of the upcoming elections.
We are currently being visited by a high commission from the United States (from the State Department and the commander of their military’s Southern Command) to coordinate actions in this war on drug trafficking.
How to finance the ‘war’ and the rest?
They will certainly do so in terms of intelligence, training, materials. Since we are pursuing the same goals, we hope that this cooperation will not be subject to strange conditions, such as the previous administration’s request that we give them Russian weapons to deliver to Ukraine, whose troops are familiar with the material. This involves us in a war between Ukraine and Russia, which has motivated Russia to send us a very strong note stating that this arms delivery is a “hostile act”. The government of Ecuador must cancel this shipment that makes us enemies of that great power, and that would bring at least economic sanctions like stopping buying bananas, shrimp and flowers from us. Transparent cooperation! (OR)
Source: Eluniverso
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
