Related Books

Taxation and Leverage in International Banking
Language: en
Pages: 35
Authors: Ms.Grace Weishi Gu
Categories: Business & Economics
Type: BOOK - Published: 2012-11-30 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper explores how corporate taxes affect the financial structure of multinational banks. Guided by a simple theory of optimal capital structure it tests (
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

DOWNLOAD EBOOK

Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. ‘Debt bias’ (tax provisions favoring fi
Financial sector taxation
Language: en
Pages: 44
Authors: [Anonymus AC08741538]
Categories:
Type: BOOK - Published: 2010 - Publisher:

DOWNLOAD EBOOK

"The global economic and financial crisis has created important needs for fiscal consolidation. This document analyses potential instruments to raise additional
Capital Structure and International Debt Shifting
Language: en
Pages: 40
Authors: Mr. Luc Laeven
Categories: Business & Economics
Type: BOOK - Published: 2007-02-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper presents a model of a multinational firm''s optimal debt policy that incorporates international taxation factors. The model yields the prediction tha
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

DOWNLOAD EBOOK

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