Blouin, Jennifer; Huizinga, Harry; Laeven, Luc; … - CESifo - 2014
affiliate’s debt to assets ratio by 0.8%, which shows that rules targeting internal leverage have an indirect effect on the …This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital … countries for the period 1982-2004. Using confidential data on the internal and total leverage of foreign affiliates of US …