BY CHRONICLE STAFF
Despite all the euphoria over Brazil among foreign investors, the country still grapples with one major challenge: taxes.
In fact, the tax regime is so bad that Brazil has the dubious honor of ranking last on the first annual Latin Tax Index from Latin Business Chronicle.
The index measures 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 2009 data from The World Bank, KPMG and the Heritage Foundation.
Among the main reasons for Brazil’s dismal results are ...
Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Dominican Republic, El Salvador, Mexico, Paraguay, Peru, Venezuela