Latest Breaking News On - Ecuador national assembly on - Page 1 : comparemela.com

QUITO (Reuters) -Ecuadorean President Daniel Noboa on Tuesday acted to force lawmakers to vote again on a measure to hike the value added tax to finance a security offensive against criminal gangs, after lawmakers earlier in the day voted it down. Lawmakers defeated the measure to raise the VAT to 15% from 12% until 2026, and then to set it at 13% from that year onward by a vote of 83 to 43, with nine abstentions. Lawmakers did approve a one-time measure to tax banks' profits from 2023 at between 5% and 25%.

United statesOliver griffinDaniel noboaDavid gregorioEcuador national assembly onNational assemblyPresident daniel noboaSouth americanAlexandra valencia