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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 star
by markbao 15y ago
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".
- hugh3 15y agoThey'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.
- markbao 15y agoYeah, 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.