avoidance may experience greater borrowing costs. Additionally, tax risk disclosure is shown to directly and significantly … associated with tax avoidance, reducing borrowing costs. These results imply that tax avoidance and its influence on corporate …

debt into domestic and foreign borrowing and determined the effect of each on inflation and economic growth. In agreement … with recent studies, we found compelling evidence of negative effect of both domestic and foreign borrowing on economic … borrowing reduces economic growth by 0.06 percent and raises inflation by about 0.14 percent, while the same increase in foreign …