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Uruguay's top court throws out tax on big land holdings

MONTEVIDEO, Feb 16 (Reuters) - Uruguay's Supreme Court has thrown out a controversial tax on large land holdings in the South American beef and soy producer, saying on Saturday the levy introduced in 2011 was unconstitutional. Justices thought the new tax overlapped with existing ones collected by local governments, said Raul Oxandabarat, a spokesman for the court.
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