Inflation

New Sales Tax increase implemented in Ecuador

Last week, Ecuador raised its Sales Tax from 12% to 14%. Although the Ecuadorian President “sold” this to the people of Ecuador as a direct measure to help overcome the terrible losses of the recent earthquakes, the long-term¬†result will undoubtedly be an inflation increase in the country which¬†will affect everybody. The cost of the materials[…]

error: Alert: Content is protected !!