Chile Government Looks to Cut Corporate Tax Rate to 25%: DF

The government is looking to cut the corporate tax rate to 25% from 27%, while creating some other levies, according to Diario Financiero, which cited a presentation by the Finance Ministry to business leaders.

• Business groups had asked for a 23% rate
• The future bill would create a new 16% capital gains tax for some shareholders, which would be retained on payment of dividends, and another 4% tax on all dividends
• The new system would leave the total charge on corporate profits at about 39.5%, slightly below the average for the OECD
• The measures will be revenue neutral for ...