Uruguay: Council of Ministers to Approve Farm Bill

Montevideo, Aug 20 (Prensa Latina) The Bill on Rural Properties Tax (ICR) will be passed in the Lower House with the approval of all cabinet ministers, official sources said Saturday.

At a meeting of the Council of Ministers on Monday, the government should pass the bill, which levies a new tax on the possession of agricultural land exceeding two hectares.

President Jose Mujica, after long negotiations within the cabinet, was the first to sign the project on Friday and announced that the next step is the analysis in Parliament.

Analysts say the new law was discussed in depth for about three months, by several negotiating bodies subordinate to the Executive, and had strong objections from the opposition.

The result is a very collegial proposal, enriched with contributions from several fronts, analysts added.

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