IDEAS home Printed from
   My bibliography  Save this article

El fondo de utilidades tributables (FUT): elementos para la discusión


  • Rodrigo, Cerda

    () (CLAPES U.C. (Centro Latinoamericano de Políticas Económicas y Sociales))

  • Juan Luis, Correa

    () (Universidad Andrés Bello. Facultad de Economía Y Negocios)

  • Francisco, Parro

    () (Universidad Adolfo Ibáñez. Escuela de Negocios.)

  • José Domingo Peñafiel

    () (Avendaño y Merino Abogados, Santiago)


This paper analyzes the Taxable Profits Fund (TPF) from three different perspectives. First, it studies the historical context in which the TPF emerged, the specific objectives for which it was created and the main features of the tax regime that had existed prior to its implementation. Second, it describes in detail how the TPF has operated in practice and its main features. Third, it analyzes, from an economic standpoint, the incentives that the TPF offers for a reinvestment of profits. The analysis reveals that the TPF has been an effective tool that encourages companies to invest and save. The article additionally discusses the debate on the subject and the main proposals that have emerged in literature to improve specific aspects of income taxation in Chile.

Suggested Citation

  • Rodrigo, Cerda & Juan Luis, Correa & Francisco, Parro & José Domingo Peñafiel, 2014. "El fondo de utilidades tributables (FUT): elementos para la discusión," Estudios Públicos, Centro de Estudios Públicos, vol. 0(135), pages 39-87.
  • Handle: RePEc:cpt:journl:v::y:2014:i:127:p:39-87

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Cerda, Rodrigo & Fuentes, J. Rodrigo & García, Gonzalo & Llodrá, José Ignacio, 2015. "Understanding Domestic Savings in Chile," IDB Publications (Working Papers) 7254, Inter-American Development Bank.
    2. Rodrigo Cerda & J. Rodrigo Fuentes & Gonzalo García & José Ignacio Llodrá, 2015. "Understanding Domestic Savings in Chile," IDB Publications (Working Papers) 91437, Inter-American Development Bank.

    More about this item


    taxes; investment; tax system; taxable; taxable profits fund;

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpt:journl:v::y:2014:i:127:p:39-87. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Aldo Mascareño). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.