VOICED : Ecuador anuncia impuestos a grandes herencias

VOICED : Ecuador anuncia impuestos a grandes herencias

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Interactive Video

Social Studies, Business, History

9th - 10th Grade

Hard

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Ecuador's President Rafael Correa aims to tackle inequity by imposing a tax on inheritances over $35,400, arguing that inherited wealth is a key inequity factor. He assures that the poor will not be affected, as they are his government's priority. Correa highlights the reduction of poverty and inequality as a major achievement of his administration. He plans to introduce legislation to eliminate illegitimate capital gains, which he attributes to private sector profits from state investments. Correa is prepared to bear the political consequences of these initiatives, which are likely to pass in the Congress controlled by his party.

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3 mins • 1 pt

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