By Pandora, President Lasso publishes payment of taxes

Ecuadorian President Guillermo Lasso published on Tuesday the detail of personal and business taxes paid between 2005 and 2020, which in total amount to more than 588 million dollars, after the so-called Pandora Papers were revealed a week ago. , with financial information in tax havens of leaders, artists and international figures.

In a letter sent to the newspaper El Universo, which published the information on such Papers, the president indicated that in that period, he personally paid around 18.06 million dollars, and another 1.6 million for the GLM trust. He attached information attributed to the Internal Revenue Service, which is responsible for collecting taxes.

He highlighted that one of his Multi BG companies contributed 8.4 million dollars to the treasury and the Bank of Guayaquil, of which Lasso is still a shareholder, 560 million.

Lasso, who assumed power at the end of last May and who has ruled out having committed any illicit financial act, was named in the Pandora Papers as a holder of investments in tax havens, but he immediately clarified that he disbanded those companies to comply with a law Ecuadorian law in force since 2017 that prohibited candidates from having investments abroad or in tax havens.

Since Monday, a commission of legislators came into operation in the Ecuadorian Assembly that within 30 days must issue a report on the president’s information, contained in the Pandora Papers.


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