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A comment on The Program - Start-Up Chile – Entrepreneurs Welcome. Parent comment

Re:The Program - Start-Up Chile – Entrepreneurs Welcome by ekanes on Sunday February 20, 2011 @06:47AM (#2241690)
> companies are taxed on profits not revenues (!!)

Businesses are always taxed on profits, not on revenues.

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Re:The Program - Start-Up Chile – Entrepreneurs Welcome by ahoyhere on Sunday February 20, 2011 @07:03PM (#2243607)
Not true. Seems like quite a few places in the world have a tax on gross receipts - including, of all absurdity, Philadelphia.
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Re:The Program - Start-Up Chile – Entrepreneurs Welcome by born2web on Tuesday February 22, 2011 @08:43AM (#2249836)
same is the case in the state of Washington - 2% B&O tax on revenue.
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