Análisis del funcionamiento del Impuesto a la Salida de Capitales y su impacto en la Inversión Extranjera (directa o indirecta) en el Ecuador (2008-2012)

Abstract

In 2007 the Ecuadorian government created the Tax Remittance (ISD) with the aim of regulating the indiscriminate capital outflows. This research has as main objective to determine the level of efficiency that has had the Internal Revenue Service (SRI), as collecting and watchdog in the application of this tax, for it an efficiency indicator of trend and cycle use, will be analyzed This tax elasticities with respect to foreign direct or indirect investment. Models Holt Holt and Winter Winter additive, based on data provided by the SRI will also be used. The application of these models led us to conclude the following: 1. Tax Remittance (ISD) which was created in order to avoid indiscriminate capital outflows and, if necessary, they are taxed before the escape. The results of the research study show that this tax did not achieve the purpose for which it was created. 2. The ISD does not diminish or prevent the outflow of capital; what it does is generate more revenue for SRI through the monthly collection of this tax. Ie the ISD failed to prevent capital outflows by the same genre more resources (taxes) to the General Budget. 3. Foreign direct investment were also not affected by the ISD, as investors are protected through the Tax Equity Act. Therefore they can withdraw their capital through dividends over time agreed on investment.