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Ecuador's VAT Increase Push
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Ecuador's President Noboa plans to push for a VAT increase to finance a security offensive against criminal gangs after lawmakers rejected the initial hike. The proposed permanent increase to 13% from 12% is pending a vote, following a previous defeat of the measure. The setback is significant, given previous legislative support for other measures.
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How does the setback in VAT increase approval affect the confidence of investors and the country's economic prospects?
How might the rejection of the VAT hike impact Ecuador's economic stability and crime rates?
What alternative funding strategies could be considered to finance the security offensive against criminal gangs?
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