Weekly Report - 26 May 2016 (WR-16-20)

Uruguay’s political opposition reacted furiously this week to the announcement by President Tabaré Vázquez that there will be a “modest” increase in personal income tax (IRPF) from 1 January 2017. All three opposition parties – Partido Nacional (PN, Blancos), Partido Colorado (PC, Colorados), and Partido Independiente (PI) – accused Vázquez of “lying” during his 2014 electoral campaign when he assured voters that “there will be no increase in the tax burden”.