Potential 40% VAT Increase: Warning from Presidential Candidate Andrés Ojeda on PIT-CNT Plebiscite

• Andrés Ojeda, candidate for the Partido Colorado, warned that if the PIT-CNT referendum is approved, the VAT could exceed 40% in the next 25 years
• Ojeda criticized the referendum, stating that it would put a financial burden on people struggling to live in expensive Uruguay
• Álvaro Delgado from the Partido Nacional also predicted a 3-4 point increase in VAT if the PIT-CNT referendum is approved
• The repeal of the social security reform proposed by PIT-CNT could lead to an economic collapse and increase the deficit from 2% to 8%
• The PIT-CNT is campaigning for the referendum, which is close to reaching the required 50% approval rate for it to pass

Source: ambito.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---