Latin America Taxes: Mexico Improves

BY RUTH BRADLEY

SANTIAGO -- Two of Latin America’s fastest-growing countries - Chile and Brazil - are poles apart when it comes to paying taxes. According to the second annual Latin Tax Index from Latin Business Chronicle, Chile has the region’s best tax environment and Brazil by far its worst.

The index uses four factors - corporate tax rates, tax rates as a percentage of profits, the number of payments involved and the time required - to compare both the level of taxes and the ease or difficulty of payment across 18 countries.

Chile, which ...

THE NUMBERS
Latin Tax Index 2011
Latin Tax Index By Country
Latin tax Index Winners & Losers