Latin Tax Index 2016.

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Colombia, Peru and Mexico are the winners

Pacific Alliance members Colombia, Peru and Mexico made the most significant improvements in this year's Latin Trade Tax Index.

In all three cases, corporate tax rate as a percentage of profits went down, while in Peru and Mexico (11th in the ranking), the number of working hours spent by companies in filling out forms for tax compliance and making tax payments was reduced.

Chile remains as number one. In Chile, it takes 291 hours to complete a total of seven payments compared with Brazil (last on the list) where making nine total payments consumes 2,600 hours of work.

TOP 10--LATIN TRADE TAX INDEX 2016 Rank (2) Ch. LatAm Tax Number- 2016 2016/15 Rate Payments 1 - Chile 24% 7 2 - Paraguay 10% 20 3 - Guatemala 25% 8 4 - Peru 28% 9 5 +1 Uruguay 25% 31 6 -1 Honduras 30% 48 7 - Dom. Rep. 27% 7 8 +1 Costa Rica 30% 9 9 -1 El Salvador 30% 53 10 - Panama 25% 52 Rank (2) Number Rate as LTI Change 2016 Hours % Profits Score 2016/15 1 291 28.9% 8.27 0.25 2 378 35.0% 8.48 0.00 3 256 37.5% 8.89 -0.24 4 260 35.9% 9.08 -0.54 5 277 41.8% 9.76 -0.37 6 224 44.3% 10.15 0.13 7 316 42.4% 10.17 -0.20 8 151 58.0% 10.40 -0.26 9 312 38.7% 10.52 0.08 10 417 37.2% 10.91 0.00 (2.) For the full index, visit Latintrade.com Latin American revenues of the top multinationals plunge to $40 billion

Latin American revenues of the Top 25 multinational companies operating in the region plunged to a total of $40.2 billion in the second quarter of 2016, down from $47 billion in the same period last year, the latest Multinational Latin Trade Index reports.

Top 5 Latin Trade MNC Index (2Q 2016) by total revenues (in US$ millions) Rk Company, Country LatAm LatAm Ch. 2Q16 2Q15 1 Telefonica Spain 6,236 7,173 -13.1% 2 Groupe Casino, France 5,096 5,809 -12.3% 3 Carrefour, France 4,200 4,576 -8.2% 4 AB InBev, Belgium 3,383 3,746 -9.7% 5 GN Fenosa, Spain 2,476 2,710 -8.7% Rk Total Rev. Total Rev. Ch. LA/Total 2Q16 2Q15 1 14,125 15,430 -8.5% 44.1% 2 11,064 12,001 -7.8% 46.1% 3 22,758 23,912 -4.8% 18.5% 4 10,806 11,052 -2.2%...

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