Wealthy Argentines Flee Taxes, Politics to Settle in Uruguay

  • Thousands are moving, escaping tax increases and polarization
  • With Covid under control, Uruguay wants people and investment
Catalina Jack near the beach resort of Punta del Este.Photographer: Ana Ferreira Cirigliano/Bloomberg
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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.