According to recent reports, Ecuador's President, Lenin Moreno, is planning a number of measures to increase revenue in order to offset the economic impact of the COVID-19 health crisis. This would include an exceptional tax of 5% on companies with profits exceeding USD 1 million, as well as a temporary increase in taxes on high-income individuals. In addition, salaries of officials and civil servants would be reduced and rules regarding salary reductions for private companies would be relaxe…