Crisis in Venezuela

[kandrathe]

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?

Corporate vs Personal. But, you may be correct in income alone. My understanding of spanish being less than perfect. I now suspect the summary rates I quoted reflected the combined individual rates. About 10% to 25% on income with ~22% VAT on goods, and a few other property(or rental), school, etc.

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.)

Well, yes. I totally agree with that. I was just giving them both the credit for knowing to leave Astori to manage it.

Maduro's declaration of a fresh three-month state of emergency has sparked fears that the government will try to seize control of private companies. Many Venezuelans have already left, including Francisco Flores. "Venezuela has taken good working companies, given them to the poor but not equipped them with the skills to run them so they go bankrupt," he said. "That's just a recipe for destroying a country." The therapist, who now lives in London, said the regime was based on a principle of keeping everyone "equal but poor".

Unfortunately for the people of Venezuela, this reality reads to me like the plot of Atlas Shrugged, without any apparent heroics. For anyone interested in the parallels, I offer you Joel D. Hirst, author, activist, humanitarian.