|
|
|
% |
|
% |
|
% |
|
|
Statutory income tax rate |
|
30 |
|
30 |
|
30 |
|
|
Differences between accounting and tax bases, primarily tax inflation gain that is not recognized for accounting purposes |
|
10 |
|
1 |
|
4 |
|
|
Asset tax |
|
— |
|
5 |
|
— |
|
|
Tax loss carryforwards |
|
(2 |
) |
(20 |
) |
(10 |
) |
|
2014 Tax Reform |
|
1 |
|
19 |
|
1 |
|
|
Foreign operations |
|
5 |
|
4 |
|
(2 |
) |
|
Disposition of investment |
|
— |
|
— |
|
10 |
|
|
Share of income in associates and joint ventures, net |
|
(5 |
) |
(4 |
) |
— |
|
|
Exchange of Convertible Debentures for Warrants of UHI |
|
— |
|
— |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
Effective income tax rate |
|
39 |
|
35 |
|
34 |
|
|
|
|
|
|
|
|
|
|