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Many countries prosper for two decades but only Hong Kong, South Korea, and Singapore maintained growth for 50 years.
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O’Grady of the WSJ continues: A “temporary” corporate tax increase to 18.5% from 17% in the aftermath of the 2010 earthquake is now being raised to 20% and made permanent.
Tax cuts for individuals meant to offset those increases may not pass in Congress because Mr. The tax increase, a strong economy, and more borrowing have sharply grown government.
He is underestimating the cost; he doesn’t count the value of his labor in coping with the functionaries. Wait in line although some of that has moved onto the web. La Tercera newspaper says the notary business generates gross revenues of between $150 million USD and $180 million USD according to their own guild.
And, if you’re a Unitedstatesian dismayed that your nosy government has been snooping on every phone call made in the country during the last 7 years, Nathan reports that Chile requires fingerprints to open a bank account and “these barriers to business creation shield the elites and entrenched interests in power and prevent competition and entrepreneurship.” The same process takes $185 and 30 minutes in the USA and requires no fingerprints. But the time people spend at the notary borders on the ridiculous…. 20,000 transactions are processed per year whose costs are from $1 USD to $12 USD and $60 USD and more for more extensive transactions….
Most people avoid commenting so anything remotely useful is appreciated by readers all over the world.
Jim Karger makes great suggestions for foreigners to earn a living in Mexico that are mostly applicable to Chile, too.
Michelle Bachelet is the President and she is likely to reverse much of the progress because Chile is skeptical of capitalism.
For instance, she has proposed to increase the corporate tax rate from 20% to 35% and remove the ability to delay paying taxes on earnings that are reinvested rather than distributed to shareholders.
The most popular post on this blog for 2 years describes why Chile is the best country to move to, mainly because the constant flow of terrible news about the economies of Europe and the fall of the United States drives some people to seek an alternative; but, relocating to Chile is a poor choice for many people.Tags: Adult Dating, affair dating, sex dating