Brazil ranks at the bottom of our Latin Tax Index for yet another year – a situation which has not improved in the four years since the ranking was released. At the same time, Chile’s predominance at number has also gone unquestioned. The ranking assesses the overall tax climate in a country by looking at four factors: corporate tax rates, tax rates as a percent of profits and the number of payments and hours spent to pay taxes yearly. The index uses data from The World Bank, KPMG and the Heritage Foundation.