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Uruguay no longer a magnet for Argentine funds looking for real estate investments

Monday, September 2nd 2013 - 20:02 UTC
Full article 35 comments

Uruguay has ceased to be the magnet for Argentine funds looking for safe places to save and real estate investments since the Argentine revenue service AFIP, following on the neighbouring countries tax-data exchange agreement, could have access to that information, according to Uruguayan private financial and investment advisors. Read full article

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  • Anglotino

    Uruguay isn't cheap to start with but worse it isn't seen as distant enough from Argentina.

    Not only is the government sycophantic to Argentina, but worse it isn't seen as being decoupled from Argentina.

    When Argentina goes bang (economically), Uruguay will be blown apart by the concussion wave.

    Sep 03rd, 2013 - 12:16 am - Link - Report abuse 0
  • Stevie

    As long as we distant ourselves from the likes of you, we'll be fine...

    Sep 03rd, 2013 - 12:32 am - Link - Report abuse 0
  • The Truth PaTroll

    All Argentines want isolationism, and no relations with any nation including Australia. Well Said Stevie.

    Sep 03rd, 2013 - 12:34 am - Link - Report abuse 0
  • Mastershake

    2 Stevie
    Yea, Uruguay was real fine in 2001/2002 last time Argentina imploded.... lol

    Sep 03rd, 2013 - 02:39 am - Link - Report abuse 0
  • Britninja

    @2 What do you mean “we” Guzz? Don't tell me you've actually deigned to go back to Uruguay rather than leeching off EU benefits? Or are you still a hypocritical parasite enjoying the benefits of the First World while bitching about it?

    Sep 03rd, 2013 - 07:15 am - Link - Report abuse 0
  • Anglotino

    Stevie

    You are one of the Uruguayans that will suffer when Argentina hits its next crisis. Which makes me wonder how much of a patriotic Uruguayan you are when you can't bring yourself to criticise a country that is damaging your so-called patria.

    Uruguay as a small exposed economy to a much larger destabilising neighbour is uniquely placed to suffer disproportionately when that neighbour makes decisions that can actively harm it.

    If you think Uruguay needs to distant itself from the likes of me then you are driven by ideology more than love for your country.

    Love for a country will adapt and change and flex to do what is needed and best for a country.

    Ideology will stand firm stubbornly to prove a point no matter how damaging it will be to the country.

    My post was a criticism of Argentina and not Uruguay. However it is Argentina that you can never stand criticism of. Which is probably why you don't actually live in Uruguay.

    The like of me have helped to build my country to one of the safest, most stable and richest in the world. As you can see, you align perfectly with the autarkical Nostrils who wouldn't be able to find a single metric on where Argentina is better than Australia.

    Argentineans are moving their money to “safer” countries and all you are so bereft of ideas that all you could come up with was your pathetic post in reply to me. Nice to see exactly how distant you are from the likes of me.

    Sep 03rd, 2013 - 07:48 am - Link - Report abuse 0
  • Simon68

    3 The Truth PaTroll (#)
    Sep 03rd, 2013 - 12:34 am

    “... All Argentines want isolationism, and no relations with any nation including Australia... ”

    No, Tobias, not ALL Argentines want “isolationism”, a large majority want to return to a normal relationship with the global market. That is what the results of the PASO is telling us!!!!!!!!!!

    Sep 03rd, 2013 - 08:31 am - Link - Report abuse 0
  • Optimus_Princeps

    @3 It's closer to half or even a third of Argentines that are hateful and distrustful of other nations. Ironically, most of the xenophobic people that follow that line of thought are foreigners from neighboring nations, saying what is necessary to keep their welfare checks coming in.

    Isolationism doesn't work, unless you want to live like they did in the 1800's. The laptop you're typing has components that were assembled from components from possibly 5 or more different countries. Are you going to scrap it based on principle?

    Free international trade puts food on the table, increases the diversity of goods to be enjoyed. Even Cuba, Iran, and North Korea aren't entirely isolated.

    Sep 03rd, 2013 - 09:40 am - Link - Report abuse 0
  • yankeeboy

    Toby is too stupid to realize that Argentina can't make anything without foreign help.
    Why in the world would someone study language and dream of isolation for his country?
    Must be one stupid fella.

    Sep 03rd, 2013 - 09:49 am - Link - Report abuse 0
  • Conqueror

    @2, 3 Suggestion. Get that “space booster” working and fire yourselves off into interstellar space. You won't be missed. Indigenous people can have their land back and our planet will be rid of a whole pile of shite. Perfect! And I have a list of twonks to be fired without oxygen!

    Sep 03rd, 2013 - 09:58 am - Link - Report abuse 0
  • Britninja

    @10 Unfortunately when it comes to Argentina the plan falls down right at the “Get that .... working” stage. You could fill the blank in with virtually any word and it would still apply.

    Sep 03rd, 2013 - 10:50 am - Link - Report abuse 0
  • reality check

    Of course the recent Bank of Canada incident and the involvement of the Secret Argentine Tax police (LMAO) has nothing whatsoever to do with the sudden down turn in realestate investment in Uruguay.

    Be silly to assume such!

    Sep 03rd, 2013 - 11:09 am - Link - Report abuse 0
  • ChrisR

    @ 6 Anglotino
    “You are one of the Uruguayans that will suffer when Argentina hits its next crisis.”

    His mom and dad might because they live here, but he won't because he lives in Sweden and earns real money working on an RSV in the North Sea Oil Fields. He will be getting at least USD 150k per annum for effectively six months work. Dangerous and physically hard work though.

    Stevie has real problems getting to grip with the contradictions he has to put up with rather than the life he would like but cannot have because there are no serious jobs available in Uruguay, never mind the loss in income.

    Your third paragraph is spot on. But he can afford that nonsense from Sweden, can’t he. Just remember that every time he says “blah, blah but we’ll be fine” he is deluding you but more importantly, himself. The galling thing of course is he does have a vote in Uruguay!

    Sep 03rd, 2013 - 11:32 am - Link - Report abuse 0
  • Britninja

    So despite all his rants at the Developed World, Stevie/Guzz is actually a sell-out cog in the capitalist machine? He's even more of a joke than I thought.

    Sep 03rd, 2013 - 11:48 am - Link - Report abuse 0
  • ChrisR

    14 Britninja

    I would not call him that at all: he was thrown out of Uruguay with his parents when he was very little, Sweden was one of the countries taking these “insurgents” shall we describe them?

    He grew up in Sweden and has a mid-point marine engineering qualification which qualifies him for the rig supply / support vessels which is hard and dangerous work. He has a Uruguayo wife and, I would imagine she likes the western lifestyle and who can blame her, certainly I will not.

    But this is where Stevie comes up against what could be considered the “shining light” of his birthplace (which he never really experienced in his formative years) and he thinks he is still a Uruguayo.

    You see, I live here because I WANT to be here for reasons of my wife’s’ health and the fact that the cunt Brown destroyed half my net wealth which precluded me from retiring to Australia. But Uruguay is on the same parallel as York Peninsular, South Australia and it is a joy to be here. We are still wealthy by UK standards and by Uruguayo standards we are rich so we can live to our usual standard in retirement; and our standard is high. Stevie cannot do that, even though he (but perhaps not his wife) dearly wishes he could.

    Would you not be the same if the circumstances were the same for you?

    Sep 03rd, 2013 - 01:20 pm - Link - Report abuse 0
  • Stevie

    Chris, enough fishing.
    You wish to talk about money? Yes, I have more than enough,
    Never liked that piece of crap paper anyway, now did I?
    So what does that make me? Rich?
    In no way, what makes me rich are sensations you would never understand, because, in all your grumpiness, you fail to appreciate the beauty in life. At least when it comes to humans.
    And no Chris, surrounding yourself with equals does not count...

    On a more serious matter;
    Yes, of course I learned the rules before attempting your dirty games.
    And dirty I get.
    But one day, my dear Chris, that same dirt will be what cleanses, mark my words.

    Sep 03rd, 2013 - 03:55 pm - Link - Report abuse 0
  • yankeeboy

    Chris, I think you made Stevie cry.

    Sep 03rd, 2013 - 04:16 pm - Link - Report abuse 0
  • Anglotino

    Looks like it.

    Was an amazing deflection though.

    Sep 03rd, 2013 - 06:13 pm - Link - Report abuse 0
  • Britninja

    He sounds like a cross between a nutter and a Cilitt Bang advert.

    Sep 03rd, 2013 - 07:25 pm - Link - Report abuse 0
  • Anglotino

    ChrisR

    Actually my post should have said AREN'T. Typing long posts on the iPhone isn't easy.

    For someone who supposedly lives by his convictions I have always wondered why he chooses not to live in Uruguay.

    Sep 03rd, 2013 - 10:15 pm - Link - Report abuse 0
  • yankeeboy

    20. Like Think, he wants to have it both ways.
    Live in a country and at the same time rail against it.
    I doubt Think has seen Argentina since the 70s when he escaped to live under the good graces of the Northern countries he pretends to despise. That is why he thinks everything is going swimmingly in Arg.

    Sep 04th, 2013 - 09:01 am - Link - Report abuse 0
  • ChrisR

    16 Stevie

    But I wasn’t “fishing”, everything I have posted about you is based on what you, yourself, have posted over the years.

    If I am correct about your remuneration, and I think I am though it has been a little while since I was in the oil business and I may have underestimated it, you should not be ashamed of what you do. You are dealing with the breaks that life has thrown at you and are making the best of it for the sake of your family.

    In fact I think you are very lucky: you have a Uruguayo wife, with your job (and its rewards) and the time off it allows you, you can come to Uruguay whenever you want to see both families. You can escape the Uruguayo winter and enjoy the Northern Summer and still enjoy the summers here.

    I am not aware I am grumpy. I think you do not understand my frustrations are due to genuine concern for the working people here (not government employees other than teachers and policia) who have, in their overblown taxes, to pay for all this socialist nonsense and that is what is always is. Take money from the real workers, waste it on bloated government and “social” policies designed to keep the poor, poor, while everybody else gets poorer at the same time.

    You can afford these shining views of communism and socialism and I suspect your feel guilty that you are so well off, don’t be, it’s capitalism and it works for those, like you, who have made something of themselves despite the circumstances.

    Love from Grumpy. :o)

    Sep 04th, 2013 - 01:36 pm - Link - Report abuse 0
  • Stevie

    Oh does capitalism work!
    It Works like a charm.

    And that Chris, is the problem...

    Sep 04th, 2013 - 02:28 pm - Link - Report abuse 0
  • Anglotino

    Capitalism is a spectrum.

    Thankfully my country isn't too far along it in either direction.

    I'd much rather be closer to the middle of it than up with the USA or down with the likes of Argentina.

    Sep 04th, 2013 - 05:23 pm - Link - Report abuse 0
  • Stevie

    It doesn't surprise me you are fine with capitalism, as you are lucky to be born in the right side of the fence. But the majority of the entire population suffers the other side of the capitalistic coin. As that Icelander said;

    Capitalism doesn't need to be controlled. Capitalism needs to be ended.

    Sep 04th, 2013 - 09:03 pm - Link - Report abuse 0
  • yankeeboy

    It is amazing to me that there are still Socialists/Progressives/Marxists/Communists still banging around. They have 100 yrs of proof that the concepts don't work in practice but they still have some hope or dream that somewhere somehow someone will do it differently and better and somehow forget about human nature.

    I think they are insane and probably diseased.

    Sep 05th, 2013 - 06:54 am - Link - Report abuse 0
  • Britninja

    I just find it bizarre how someone can drone on endlessly about the “evils” of capitalism while simultaneously working for the oil business, which is surely one of the pillars of capitalism itself. Why doesn't he quit his well-paid job, go to Uruguay and do charity work? Either he must be filled with perpetual self-loathing or it's simply an example of his supposed morals taking a distant second place to his wage slip.

    Sep 05th, 2013 - 09:45 am - Link - Report abuse 0
  • ChrisR

    26 yankeeboy

    I don’t think Stevie is insane and I hope he is not diseased, but I do think he carries his guilt with him.

    The guilt emanates of course from being a very wealthy young man compared to the usual 35 YO in Uruguay and it is eating him up.

    Hence the term the “that same dirt will be what cleanses” as a means of assuaging the guilt.

    My family was poor, but due to my mother and father making sure I had everything I really needed, including love, I never realised just how poor we were until I got to the age where I also became an atheist. I had found my brain and could think and reason and decide for myself.

    Stevie needs to get over his social inclusion guilt if only for his long term mental health and the good of his family.

    Regrettably, I cannot see him managing it.

    Sep 05th, 2013 - 11:47 am - Link - Report abuse 0
  • yankeeboy

    Chris, I am convinced that Marxists and their ilk have a brain disease. There is clear evidence that Socialism and Communism and any derivative of them don't work, won't work and can't work, yet somehow they think next time someone will get it right.
    I don't think there is any other explanation than a diseased mind
    and if there is I have not found one.

    Sep 05th, 2013 - 03:07 pm - Link - Report abuse 0
  • Anglotino

    Stevie

    My country isn't rich, wealthy and stable because of luck. It's due to hard work and sacrifice.

    Argentina and Australia were once equally rich and prosperous. One took the easy populist path and one didn't.

    We weren't lucky, we were bloody smart.

    Sep 05th, 2013 - 07:54 pm - Link - Report abuse 0
  • Stevie

    Lets all pay our sovereign debts before labelling our countries rich or poor...

    Sep 05th, 2013 - 11:23 pm - Link - Report abuse 0
  • Anglotino

    Every debt is someone else's asset.

    Paying off debt doesn't make you rich it just makes you have no debt. That is what Argentina's government doesn't get.

    Sep 06th, 2013 - 02:11 am - Link - Report abuse 0
  • Stevie

    And Trillions in debt is not a sign of success by any means...

    Sep 06th, 2013 - 03:32 am - Link - Report abuse 0
  • ChrisR

    33 Stevie

    Since Pepe put off paying the debts he has run up and continues to run up without any intention of paying them off, Uruguay is now in a similar situation to many other countries where their debt to GDP is out of kilter.

    By the time the payment become due the fiscal situation in the ROU could be dire as The Dark Country will have imploded by then.

    Sep 06th, 2013 - 08:10 am - Link - Report abuse 0
  • Stevie

    Sure Chris

    And then...... you wake up...

    Sep 07th, 2013 - 04:32 am - Link - Report abuse 0

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