Tax check-off to boost Quito green projects


Hoping to tackle environmental problems facing Quito, the municipal government here is calling on city residents and Ecuadorians living elsewhere in the country to earmark income-tax payments for high-priority green projects in the nation’s capital. Under a bill passed last year in the National Congress, businesses and individuals nationwide may direct up to 25% of their annual income tax payments to a corporation created to carry out the Quito environmental projects. City officials hosted a Jan. 18 kick-off event in which 400 local leaders ranging from business executives to politicians promised to send a quarter of their tax payments to the entity, called Life for Quito Corporation. The city hopes in the short term to raise $20 million a year—and ultimately... [Log in to read more]

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