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Cash-flow business taxation revisited : bankruptcy, risk aversion and asymmetric information
Boadway, Robin W.; Sato, Motohiro; Tremblay, Jean-François - 2015
Persistent link: https://www.econbiz.de/10011388005
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Cash-flow business taxation revisited : bankruptcy, risk aversion and asymmetric information
Boadway, Robin W.; Sato, Motohiro; Tremblay, Jean-François - 2017
Persistent link: https://www.econbiz.de/10011735347
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Optimal debt bias in corporate income taxation
Simon, Jenny - 2015
. For risk-averse entrepreneurs, equity generates more surplus than debt, because it provides financing and insurance. A … well understood that when the quality of projects is unobservable to investors, risk-averse entrepreneurs with higher …
Persistent link: https://www.econbiz.de/10011350162
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Tax-related and economic consequences of selecting the method of debt financing of companies with regard to thin capitalisation in OECD member countries
Gajewski, Dominik - In: Contemporary economics 7 (2013) 2, pp. 77-83
The following paper explores the issue of thin capitalisation in Organisation for Economic Co-operation and Development (OECD) member countries. There are two methods used by financing companies that are strongly related to this phenomenon: debt and equity financing. The tax-related consequences...
Persistent link: https://www.econbiz.de/10009770239
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Cash-flow business taxation revisited : bankruptcy and asymmetric information
Boadway, Robin W.; Sato, Motohiro; Tremblay, Jean-François - In: International tax and public finance 29 (2022) 4, pp. 922-952
Persistent link: https://www.econbiz.de/10013438462
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Evaluating the effects of ACE systems on multinational debt financing and investment
Hebous, Shafik; Ruf, Martin - 2015
Theory recommends aligning the tax treatment of debt and equity. A few countries, notably Belgium, have introduced an …
Persistent link: https://www.econbiz.de/10010519931
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Taxation and the Optimal Constraint on Corporate Debt Finance
Birch Sørensen, Peter - 2014
The tax bias in favour of debt finance under the corporate income tax means that corporate debt ratios exceed the socially optimal level. This creates a rationale for thin-capitalization rules limiting the amount of debt that qualifies for interest deductibility. This paper sets up a model of...
Persistent link: https://www.econbiz.de/10013039997
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Taxation and the optimal constraint on corporate debt finance
Sørensen, Peter Birch - 2014
The tax bias in favour of debt finance under the corporate income tax means that corporate debt ratios exceed the socially optimal level. This creates a rationale for thin-capitalization rules limiting the amount of debt that qualifies for interest deductibility. This paper sets up a model of...
Persistent link: https://www.econbiz.de/10010438191
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Leverage, Corporate Taxes and Debt Shifting of Multinationals : The Impact of Firm-Specific Risk
Glogowsky, Ulrich - 2018
-specific risk. Moreover, for multinationals, the shifting of internal debt opens up additional tax saving opportunities. Using a … that subsidiaries with a high firm-specific risk are more involved in debt shifting than low-risk subsidiaries. Vice …-versa, low-risk affiliates use external debt more intensively. We address endogeneity concerns on our firm-specific risk proxies …
Persistent link: https://www.econbiz.de/10012929192
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A Note on Corporate Taxation, Limited Liability and Asymmetric Information
Miglo, Anton - 2007
Becker and Fuest (forthcoming) provides a new explanation for the important and puzzling link between limited liability and corporate taxation. The authors argue that a corporate tax on all entrepreneurs with limited liability is optimal when entrepreneurs can offset potential losses and when...
Persistent link: https://www.econbiz.de/10012776129