| Popis: |
The objective of this study was to identify the determining factors of the effective tax rate (ETR) of companies of Latin America in the period 2009 to 2013. Descriptive study was conduct through documentary research, with a quantitative approach of the data. The sample was made up of 500 companies, being 45 of Argentina, 171 of Brazil, 108 of Chile, 38 of Colombia, and Mexico's 71 67 of Peru. Whose data were collected in the database of Thompson Reuters ® and analyzed by means of panel data regression through the software STATA ®, having as dependent variable the Effective tax rate (ETR) and independent variables size (TAM) capital intensity (INTCAP), the intensity of inventory (INTINV), leverage (ALAV) and profitability on assets (ROA). The results show that the size of companies positively influence presents significant about the ETR of Colombian companies. Capital intensity (INTCAP) and the intensity of inventory (INTINV) were not meaningful to determine the influence of the ETR in the countries analyzed. The leverage of the Argentine companies reveals a positive influence on the ETR, while for the Colombian companies this influence was significant not significant and negatively to the other countries. Profitability resulted in a negative influence to the Mexican and Peruvian companies, and not significant for the other countries to determine the influence on ETR. Denotes that there are differences regarding the determinants of tax burden in Latin American countries, which encourages further studies |
