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Millionaires+To+Be+Taxed+More+To+Pay+For+Relief+After+Ecuadors+Quake
Thursday, 21 April 2016 - 13:56
Millionaires To Be Taxed More To Pay For Relief After Ecuadors Quake
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Ecuador's president has introduced new measures to try to pay for rebuilding after Saturday's earthquake, including a one-off tax on millionaires.

At least 570 people are now known to have died after the magnitude-7.8 quake.

President Rafael Correa says that the cost of rebuilding could be as high as 3 billion dollars.

Even before the earthquake struck, the World Bank had predicted Ecuador's economy would shrink by as much as 2% this year.

President Correa said all levels of society would be expected to contribute to rebuilding funds, even if they did not live in the worst-hit Pacific region.

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