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Brazil & Southern Cone - July 2017 (ISSN 1741-4431)

New taxes to fund public spending boost

The Uruguayan government led by President Tabaré Vázquez is planning to finance an increase in public spending of US$172m with a tariff on imports and a tax on gambling in its budget proposal for 2018. The political opposition has criticised the government for reneging on an electoral promise not to raise taxes. It also claims that the tariff on imports is a surrogate tax on the Uruguayan public as the net result is that retailers will put up the price of imported consumer durables.

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