Andresen, Martin Eckhoff; Thorvaldsen, Lars - 2023
Escape clauses, where small firms are exempt from particular tax rules, is a crucial feature of a number of corporate … the impact of thin capitalization rules, which commonly feature such escape clauses, by exploiting the introduction of …-group reallocation of debt to avoid exposure to the rules through escape clauses. We observe sharp bunching among both new and existing …