Correa sends Capital Gain Law to National Assembly for approval

President Rafael Correa sent the Capital Gain Law, a law to avoid speculation over the value of land, and tax fixation, to the National Assembly for approval (El Telegrafo, 1 December 2016). The proposed law intends to tax the extraordinary gain in the transferring of property, which will be determined in general terms by the difference between the transferring value and the value of the acquisition. President Correa argued that historically, a small fraction of society has obtained extraordinary capital gain illegitimately stemming from the speculation in property ownership. Guayaquil's Mayor and opposition party leader Jaime Nebot (Partido Social Cristiano, PSC) believes this law has communist roots and is homage to the recently deceased Fidel Castro (El Universo).

Ecuador’s political opposition parties split for the upcoming 2017 Presidential Election

The political initiative called “Unity,” which consisted of most major political parties opposed to the ruling party “Alianza Pais,” has officially disintegrated (El Universo). The idea to unite all major political opposition parties emerged in early 2015 to challenge a then possible re-election of current President Rafael Correa. In September 2016, President Correa announced former Vice-President Lenin Moreno will be the Presidential candidate for Alianza Pais in the upcoming February 2017 election, ending any speculation of a possible reelection for Correa (El Universo).


President Correa accuses Anonymous of attempted hacks

Ecuadorian President Rafael Correa accused "Anonymous" of trying to hack presidential communication systems on 24 October 2016 (El Universo). According to Correa, the alleged hack attempt was retaliation for the Ecuadorian government's decision to block Julian Assange's internet access (Telégrafo). Assange, founder of whistleblower website Wikileaks, has resided in the Ecuadorian Embassy in London since 2012, when the Ecuadorian authorities granted him political asylum. In recent weeks, Wikileaks has released numerous leaks that impact the U.S. presidential campaign, and the Ecuadorian government decided to restrict Assange's internet access to preserve Ecuador's principle of non-intervention in other countries' electoral processes (Andes).