Daily Tax Report: International

Wealthy Argentines Flee Taxes, Politics to Settle in Uruguay

Oct. 7, 2020, 11:00 AM

Catalina Jack, a 37-year-old Argentine economist with two masters degrees, unceremoniously pulled up stakes in Buenos Aires three months ago and boarded a fast ferry to Uruguay. She got a job with a software firm and now looks out on the world from a home she rents near the beach resort of Punta del Este.

Her brother and his family had settled nearby a few weeks before. Two dozen friends have made the move or are doing so.

Catalina Jack near the beach resort of Punta del Este.
Photographer: Ana Ferreira Cirigliano/Bloomberg

“I’d have preferred to continue working in Argentina,” she said. “Today, I don’t think there is a place for me there....

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