Chilean companies to invest less equity, borrow more under tax reform: Credicorp

Chilean companies to invest less equity, borrow more under tax reform: Credicorp

Equity

Chilean companies may pay higher dividends and report lower net profits under the country’s proposed tax reform, according to a report by Credicorp capital. The incoming administration, led by former president Michelle Bachelet, is driving forward a tax reform covering both companies and individuals. The proposals include scrapping tax incentives for companies to reinvest their profits — in a bid to stop individuals using shell companies to defer their tax payments. The measure will likely push

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial