Hirunews Logo
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
21

Shares
2,597

Views

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.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
News Image
Hiru News Programme Segments
875 Views
1,282 Views
2,292 Views
1,909 Views
10,521 Views
44,767 Views
Top