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Ecuador Central Bank Urges Tax Increase to Prevent “Triple Crisis”

  • Ecuador Central Bank recommends increasing the value-added tax permanently
  • The goal is to avoid a “triple crisis”
  • President Guillermo Avellán made the statement via X (formerly Twitter)

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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