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Ecuador Slashes Beer Tax for World Cup Boost
12 Jun
Summary
- Ecuador's President announced a beer tax cut over 20% for World Cup support.
- The special tax on moderate-alcohol beverages is eliminated until July 19.
- This measure aims to rally 'extra support' for the national football team.
Ecuadorian President Daniel Noboa has announced a substantial tax cut, leading to over a 20% reduction in beer prices. This initiative is designed to garner "extra support" for the nation's football team during the ongoing World Cup. The government has decided to eliminate a specific tax levied on beer and other beverages containing moderate levels of alcohol.
This tax holiday is scheduled to remain in effect through July 19. The measure is a direct effort by the government to energize national morale and show solidarity with the football squad as they participate in the global tournament.
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