21 sats \ 7 replies \ @davidw 19 Oct 2023 \ parent \ on: Stacker Saloon
Nice resource. I would say however that only fools pay the ‘expected’ taxes in Colombia. Everyone underreports and has ways of navigating it, for businesses or houses. 95% of the businesses are off the books and informal, unregistered. It’s even better outside the main cities.
An informal economy and people are prepared to ’interpret’ the rules, is what you want. It’s not ideal, but it’s robust and maleable to the politics of government. They’ve had their civil war and are stronger for it. Just like El Salvador, I see a great future for Colombia. Their currency will strengthen/double against the dollar this decade IMHO. They have had a bit of a drag, because of the Venezuelan immigration but hopefully their brothers are through the worst of their troubles now.
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I am not mystic meg either 🤣
I just see their currency has been in an upward wedge for the past 15 years. And despite having Petro in charge who many feared would make COP the next Bolivar… it’s now starting to show signs of strengthening. With all their oil reserves, fertile lands and markets now valuing those resources, 5100/1 may well have been the peak. Pero quién sabe
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Septic Peg lol
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No. La verdad está oculta…
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¡Hola! LOL!
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