GREEDY GOVERNMENTS.

Author:Espitia, Santiago
Position:LT.COM - Taxes analysis - Statistical table
 
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WHO PAY MORE TAXES? Companies in the electriciticy and technology and telecommunications sectors in Latin America have paid the most taxes as a percentage of total sales in recent years. Sector 2012 2013 2014 Electric Power 4.58% 3.89% 3.78% Tech & Telecom 3.81% 5.30% 4.10% Others 3.60% 5.66% 2.82% Construction 3.17% 2.35% 3.36% Mining 4.39% 5.05% 3.46% Transport Services 2.64% 3.29% 3.51% Finance 3.89% 3.77% 3.86% Industrial 2.53% 2.21% 1.88% Sector 2015 2016 Average Electric Power 3.32% 3.42% 3.80% Tech & Telecom 3.35% 2.02% 3.72% Others 2.59% 3.32% 3.60% Construction 4.09% 4.94% 3.58% Mining 1.78% 3.09% 3.56% Transport Services 2.48% 4.74% 3.33% Finance -0.60% 4.38% 3.06% Industrial 2.87% 1.57% 2.21% NOTE: Analysis of the LT1000 companies with revenues over $100 million in 2016, excluding large oil companies, several with state participation: Petrobras, Ecopetrol, YPF and Pemex. WHERE ARE MORE TAXES PAID? Even though it has the region's second lowest tax rate on net revenues, Peru is the country where companies pay the heaviest tax burden on revenues received. At the other end of the spectrum, in Chile, which has the lowest rate, companies pay less. Value of taxes paid as a percentage of sales revenue Country Tax rate 2012 2013 2014 on profits Peru 29.5% 6.16% 5.62% 4.67% Argentina 35.0% 4.04% 4.57% 4.97% Mexico 30.0% 3.37% 3.18% 2.91% Colombia 34.0% 2.42% 2.87% 3.08% Brazil 34.0% 2.91% 2.70% 2.61% Chile 25.5% 2.98% 2.48% 2.35% Value...

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