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0 pointsmarkbao14y ago0 comments

The goal isn't to make money from equity. The goal is to jump-start a community there and maybe, if they're lucky, have a company be known as "that Chilean startup".

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hugh314y ago· 1 in thread

They're the government. They have something better than equity: they automatically take a seventeen percent share of every profit made by every company in Chile... not to mention personal income tax on every employee's salary.

Just one medium-successful company which decides to stay in Chile in the long term will easily wind up paying more than six million in taxes to the Chilean government.

markbaoOP14y ago

Yeah, that too. I was thinking a ways out – if they can establish a community that occasionally springs up a sizable company, then they'll not only have the increased tax revenue, but will also be able to have multiple companies doing that.

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