Related Books

Tax Policy, Leverage and Macroeconomic Stability
Language: en
Pages: 78
Authors: International Monetary Fund. Fiscal Affairs Dept.
Categories: Business & Economics
Type: BOOK - Published: 2016-12-10 - Publisher: International Monetary Fund

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Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. ‘Debt bias’ (tax provisions favoring fi
Fiscal Policy and Long-Term Growth
Language: en
Pages: 257
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2015-04-20 - Publisher: International Monetary Fund

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This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth a
Tax Policy and Inclusive Growth
Language: en
Pages: 38
Authors: Khaled Abdel-Kader
Categories: Business & Economics
Type: BOOK - Published: 2020-12-04 - Publisher: INTERNATIONAL MONETARY FUND

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This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, i.e. in support of inclusive growth. It starts with a
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
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