The
7
MAGPIE
AmagazineforPuntainEnglish
EDITORIAL
5000DOLLARBOOK
‘A wave of vulgar, filthy and
suggestivemusichasinundated
the land….nothing but ragtime
prevails’. (Musical Courier,
1899.)Thereissimilarsniffing
at the moment ingatherings of
the ‘uber-rich’ (see Guardian
article, p2) about this year’s
holidaymakers. Is Punta going
down-market? Is it losing its
cachet? On the ground floorof
LaVista,where once there was
an art gallery, there is now an
amusement arcade. Same story
elsewhere. It’s getting easier to
go out to eat without being
ripped off. Cream Mercedes
taxis are still to be seen, but
Uberrichesmaysupplantthem
before long. The buses are full;
the designer boutiques are
empty; March and April people
throngGorleroinearlyJanuary
with barely a supermodel or a
PaganiZondainsight.Ahwell.
Atleastyoucanstillbuyabook
for5000USD.
And The Magpie is free!
Disgraceful. Past issues can
now be found at Eventos y
Actualidad on the Anglo site,
http://www.anglo.edu.uy.
Feb 14 is St Valentine’s, and
we’re all lovers… of a good
grumble, so for Issue 8 (only)
the ‘no beefing’ policy will be
relaxed.Let’sallhaveabloody
good moan. A bottle of bitter
forthebestbeef.
JonathanLamb
On display at Virrey, Calle 30:
poster-size photos of celebrities
by Annie Leibovitz. The 5000-
dollar book is huge and hard to
lift, so it comes with its own
stand. The online price in the
UnitedStateslastyearwas2500
USD. Uruguay has no import
dutyonbooks.
THEWORLDCOMESTOPUNTA
Seaborne apartment building
´The World’ was anchored off
Punta last week. The Magpie
sentarovingreporteronboard:
shesaysthatofthe180owners,
nobody ever seems to comeout
oftheirapartments(someworth
7 million USD), sothe ship is as
quiet as the grave. There are
five– oftenempty-restaurants.
Thoseoccupantswhodoappear
are less than communicative.
The crew wear badges, possibly
so that the owners know who
nottotalkto.Notetoself:stick
toBuquebus.
Issuenumber
1February2016
Free
Nextissue:
15February
INCOME TAX ON FOREIGN
INVESTMENTINCOME
BylegalconsultantMarkTeuten
Uruguay’s tax system has always
beenbasedonterritoriality:itonly
taxes income or assets within
Uruguay.
Uruguay’sincometaxlaw18.083of
2007 applied to, for example,
interest on money held in a
Uruguayanbankaccount,butnotto
money in a foreign account. This
was obviously unfair. To correct it
the government created an
exception to the territoriality
principleandbyLawNoº18.718in
December 2010 declared that
income from foreign “monetary
instruments” was also taxable.
However, foreign residents only
have to pay after 5 years of fiscal
residence (ie living more than 183
daysayearinUruguay).
Thetaxrate on foreign investment
incomereceivedinUruguayis12%.
Howeveriftaxof12%ormorehas
alreadybeenpaidinthecountryof
origin,thennotaxisdue.
In my next article I will deal with
mechanisms which can be used to
reduceanytaxcharge.
[email protected]
www.teutenabogados.com
WANTED
Reliable and careful art lover to
look after very special house in
the Puerto from April to October
at below market rent. Call 42
441166.
NAPKINRINGS
‘Whatisthatthing?’askedtheDuke.
‘Anapkinring,myLord.’
‘Anapkinring?’
‘Yes,aring,inwhichanapkin
Maybeconvenientlystored.
Theyareusuallyrolledup
Butsometimestwisted.’
‘Why?’
‘Forre-use.’
‘Re-useanapkin?’criedtheDuke.
Next time you’re visiting the ‘GoodLord,
‘Uber-rich’ in Jose Ignacio, turn ‘Ihadnoideasuchpovertyexisted.’
leftoff theramblaat calle 28in the Balneario Buenos Aires. A
few blocks on the left is HOW´SYOURENGLISH?
Solipanes, where the Cabrera family run a restaurant-cum- Difficulttomakeaquestionof‘You
cafe-cum-shop-cum-community used to be a pilot’. ‘Did you use’
centre. Mum and Dad do the doesn’tsoundright,butnotasbad
cooking, and their son, who as ‘Did you used’. Old-fashioned
speaks fluent English, lends a solutionbelow.
hand serving in the summer.
Their food is good, they work WALNUTTYSOFTCHEESE
hard for the locals all year round, and their philosophy is Brazilian gourmets the Coutos
uplifting, as shown by the shop have introduced The Magpie to
banner below. A very public- Rondelé Noix de Dordogne by
Président.Yerm!$130,Devoto.
spiritedplace.
PUNTAPEOPLE:SOLIPANES
PASSINGTHROUGH?
http://www.theguardian.com/citie
s/2016/jan/20/punta-del-esteuruguay-elitest-gated-city-urbanfuture-st-tropez-south-america
(WiththankstoWilliamdeSegundo)
Touché
The Guardian on Punta: ‘Think
Monaco moved to Mali’. Hmm.
Life expectancy in Mali: 57. Life
expectancy in Uruguay: 74.
Literacy in Mali: 33%. Literacy
in Uruguay: 98%. The problem
with localcolourpieceslikethis
is thattheyformopinionamong
the bien-pensants of the West.
When instructed to ‘Think
MonacomovedtoMali’,Islington
nowwill.
COMINGEVENTS
See the open-access Magpie
calendarat
www.brownbearsw.com/cal/magpie
Anyone can use the calendar to
publicizethings:justclickonthe
date. There are popups for
addinginfobehindthetext.
NB-nextdarts:Fri5Feb,11am,
Rustic. Argentina is planning to
send over a team to play
Uruguay in Feb, so on 5/2 there
willbeaqualifierforthe3rdlocal
place after George Stewart
(captain)andSydBlackwell.
Usedyoutobeapilot?
MARKETWATCH:JUICY
STORY
FromourConsumerAffairs
editorJohnKeenan
Analyzing the supermarket
price hikes over the
temporada, it appears that
they employ someone who
throws a dart at the product
listandselectsanitemforan
outrageous increase. For
example:TiendaInglesafresh
orange juice. From $104 to
$124inasingleshot(19.2%),
only to be outdone by Disco
withanincreaseforthesame
item in January from $87 to
$129.9,awhopping49%!!!
Weknowthatthisisthetime
whenthe companies fill their
coffers, and someone has to
pay for all those BMWs they
giveaway.Butcan’ttheybea
little more subtle, 5 pesos
here,2pesosthere?
The big question is, will
prices come down once all
the“sunseekers”depart?