(05-23-2016, 02:42 PM)kandrathe Wrote: In Uruguay, corporate taxes (without loopholes), peak at 25%, while personal income now with tax reform is up to 43%. The lower middle pay 21% to 27% on average.
I'm no expert on the Uruguayan tax code, but that seems very high for the income tax figure. I was always under the impression that it was a land of high sales taxes and relatively low income taxes. PwC suggests that the top income tax rate is 30%. Where are your numbers from?
Quote:While Mujica didn't "rock the boat" economically and is an amazing story, I wonder how much was in place due to Tabaré Vázquez and remained throughout.
I think Danilo Astori has been the guiding force behind most of the Frente's economic policies under both presidents. I don't get the sense Tabaré Vázquez focused much on it, and I think Mujica focuses on it even less than Tabaré. (He doesn't seem like the details oriented kind, to put it mildly.)
-Jester