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

Author

Listed:
  • 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)

Abstract

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
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    File URL: https://estudiospublicos.cl/index.php/cep/article/view/241/284
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    Citations

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    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 A. Cerda & José Tomás Valente, 2022. "The role of capital taxation on the business cycle: the case of Chile, 1960–2019," Economic Change and Restructuring, Springer, vol. 55(1), pages 83-108, February.
    3. Ignacio Flores & Claudia Sanhueza & Jorge Atria & Ricardo Mayer, 2020. "Top Incomes in Chile: A Historical Perspective on Income Inequality, 1964–2017," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(4), pages 850-874, December.
    4. 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

    Keywords

    taxes; investment; tax system; taxable; taxable profits fund;
    All these keywords.

    JEL classification:

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

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