MercoPress. South Atlantic News Agency

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  Kirk Nelson

  To all goverments, the easier way to increase revenues, is by implementing new taxes or by increasing more taxes to the existing tax code and of course Uruguay is not an exceptional country.
  Producible lands are wealth, which means an active or an asset posted on the country's balance sheet, but cash its better, because the region and the country will have more liquid funds to cover payments, which in general end up to cover public expenses such as salaries, maintenance and repairs and goverment programs.
  But imposing new or more taxes certainly would make a big change , because more cash flow and viability cash on hand, that is if its fiscal monetary policies are played correctly, so at some point and time it must be returned to its citizens in several forms, such as new infrastructures, tax rebates, to create or expand credits to improve or help small businesses, to social programs, to improve the inveronmental conditions and so making a positive impact to the economy in general, because it will reduce unemployment, become more competitive domestically and internationall and overall the standard of living per individual will become healthy.
  So, taxes on sleeping/producible land should and must the imposed, but
  rationally in such way voiding economic dysfunction and investment as well. Another way and upon land location, the government should give credit to landowners to make residential units or give financial help to those who want to expand in the agriculture industries or developers.
  Another tactic is to swap asset for asset.
  One can see how local and fiscal authorities work together, while on the other hand the public and private sector would develop new business law and regulations . Therefore, I do not see why Uruguayans are skeptical, but I see that Mr. Mujica does not possesses strong character to delegate his power and debate openly with all those who are not in favor of this type of revenue measure.
  Kirk Nelson,
  New York, UDA

  Jun 11th, 2011 - 07:07 pm - Link - Report abuse 0
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  GeoffWard

  If we have a situation where (foreign?) land speculators are buying up rural Uruguay and letting the land go idle, then the Government is right to do something about it.
  
  Land tax (my! what a radical Left concept) seems good to me, but only if the tax-take goes on advanced infrastructure that people can see, appreciate and use.

  Jun 13th, 2011 - 03:05 pm - Link - Report abuse 0
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