NO to Privileges for Companies With Mixed Captial

Under discussion in the Salvadoran Congress is the application of equal fiscal controls and management for private companies and those made up of mixed capital.

Tuesday, December 17, 2013

Public-private companies should be subject to the same controls and audits as those consisting of 100% private capital, because lack of transparency in controls of some of them and excess controls in others affects competitiveness and economic development.

The current discussion in the Congress of El Salvador revolves around reforms that seek to make the activities of mixed companies more transparent, this would include ALBA, made up of Venezuelan and Salvadoran capital, which is an example of the importance of these controls in allowing companies to act on equal terms and in an environment of free competition.

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