Ecuadorian president sends tax reform bill to congress -Xinhua

Ecuadorian president sends tax reform bill to congress

Source: Xinhua

Editor: huaxia

2023-11-29 09:19:00

QUITO, Nov. 28 (Xinhua) -- Ecuadorian President Daniel Noboa, who took office Thursday, sent to the National Assembly on Monday a tax reform bill that aims to create youth employment and address the country's economic crisis.

The National Assembly received the draft Organic Law of Economic Efficiency and Employment Creation at about midnight Monday, said the legislative body on X, formerly Twitter.

The legislature shared an accompanying letter in which Noboa listed the bill as an urgent economic matter, which grants the National Assembly 30 days to debate and approve it.

The bill, which proposes creating tax incentives to spur job creation for youth and attract investment, was sent just hours after Noboa went on national television and warned that the country's economy was in dire straits.