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Ecuador Political News

8/27/09 – Dow Jones – Ecuador’s Economic Measures Unlikely To Raise Production

“Ecuador’s Economic Measures Unlikely To Raise Production
Dow Jones, August 27, 2009

“President Rafael Correa said the government will repatriate in the short term $1.6 billion of liquid reserves invested abroad, raise the tax on capital outflows to 2% from 1%, establish a 12% value-added tax on imports of newsprint, raise taxes on cigarettes and alcohol, and establish a minimum income tax on companies’ Total sales. ”
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