taxes

07
Feb
2009
James

Ecuador strives to keep the dollar circulating

The Sacajawea Dollar coin - popular in Ecuador.

Within the past month, a lot has been going on here in Ecuador. President Correa has imposed a new tax levy on a large number of imports in order to develop and stir interest in buying local goods, and to vaccinate the country against the effects of the downturned global economy. This move will doubtless affect a major sector of the middle and upper class who build their businesses around selling imported goods in Ecuador.

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