Download file 816 KB Texto completo en español More of: Carlos Budnevich Claudio Agostini

Based on a tax framework that encompasses both the objectives and effects of Chilean tax policies, this paper analyzes the different capital market taxes imposed in Chile. Together with a review of economic literature on this subject, both theoretical and empirical, this analysis leads to a set of proposals to reduce the potential distortions introduced by securities market taxes existing at this time in Chile and to make this type of taxation more efficient.