Ecuadorians Get a Taste of Marx with 75% “Surplus Value” Tax - PanAm Post – The Amazon Post

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Ecuadorians Get a Taste of Marx with 75% “Surplus Value” Tax – PanAm Post

Date: Jun 11, 2015

Ecuadorian President Rafael Correa appears to have spotted a potential source of revenue in the real estate market. On Monday, June 8, he proposed a new tax that would allow the government to keep 75 percent of “windfall profits” coming from property sales. Read more>>