Related Books

Tax Biases to Debt Finance
Language: en
Pages: 25
Authors: Ruud A. de Mooij
Categories: Business & Economics
Type: BOOK - Published: 2011-05-03 - Publisher: International Monetary Fund

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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and
Debt Bias and Other Distortions
Language: en
Pages: 41
Authors: International Monetary Fund. Fiscal Affairs Dept.
Categories: Business & Economics
Type: BOOK - Published: 2009-12-06 - Publisher: International Monetary Fund

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Tax distortions are likely to have encouraged excessive leveraging and other financial market problems evident in the crisis. These effects have been little exp
Financial Sector Debt Bias
Language: en
Pages: 28
Authors: Ms.Oana Luca
Categories: Business & Economics
Type: BOOK - Published: 2016-11-10 - Publisher: International Monetary Fund

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Most tax systems create a tax bias toward debt finance. Such debt bias increases leverage and may negatively affect financial stability. This paper models and e
Curbing Corporate Debt Bias
Language: en
Pages: 20
Authors: Ruud A. de Mooij
Categories: Business & Economics
Type: BOOK - Published: 2017-01-30 - Publisher: International Monetary Fund

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Tax provisions favoring corporate debt over equity finance (“debt bias”) are widely recognized as a risk to financial stability. This paper explores whether
Taxation and Corporate Debt
Language: en
Pages: 29
Authors: Mr.Jost Heckemeyer
Categories: Business & Economics
Type: BOOK - Published: 2013-10-29 - Publisher: International Monetary Fund

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This paper explores whether corporate tax bias toward debt finance differs between banks and nonbanks, using a large panel of micro data. On average, it finds t