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Explosive increase of foreign currency accounts in Chile continues

RIO DE JANEIRO, BRAZIL - At least since the social outburst, several people have been saying it: wealthy Chileans are taking their fortunes out of the country.

The political environment, the new Constitution, the tax changes pushed by the government that takes office in 2022, and a smaller capital market after the successive withdrawals of pension funds have caused lawyers and tax advisors to have an unusual workload advising clients.

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The figures bear witness to this. For example, between August . . .

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