This paper explores whether corporate tax bias toward debt finance differs between banks and nonbanks, using a large … conditional leverage distribution. For nonbanks, we find a U-shaped relationship between asset size and tax responsiveness …, although this pattern does not hold universally across the conditional leverage distribution. For banks, in contrast, the tax …

total assets mainly from short-term debt. The stock market, however, is the most important source of long-term finance for …

cross-sectional analysis, the results show that pre-crisis leverage and short-term debt have had negative effects on the … speed of the recovery, while asset tangibility has had positive effects. The negative effect of leverage is non …-linear, being particularly strong in firms with high pre-crisis leverage. Furthermore, the effects are different for advanced and …

That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying … leverage, and that this in turn is associated with a significantly greater chance of crisis. The implication is that tax bias … risks to financial stability. This paper makes a first attempt to explore, empirically, the link between this tax bias and …

This study focused on environmental tax measures, and on allocation, pricing, and taxation of Iceland’s major … hydropower and geothermal resources. Measures to secure the tax base for the corporate income tax (CIT) are proposed. Taxation of …-intensive industries should be avoided. The proposals in this paper aim at efficiency and equity in the tax system rather than revenue …

The global financial and economic crisis presents major challenges for tax agencies. With the economic downturn, tax … budget cuts. To help address these challenges, this paper encourages tax agencies to develop a tax compliance strategy for … legislative reforms that facilitate tax administration, and (4) improving communication programs. In each of these areas, the …

This paper examines tax policy and tax reforms in Uganda. Using household survey evidence, the paper identifies which … taxes are progressive and investigates whether tax reforms have made the poor better or worse off. Household survey analysis … reveals that some of the tax reforms implemented in the 1990s were generally pro-poor. The paper also examines business …

multinationals have an incentive to shift debt to high-tax countries. The predictions of the model are tested using a novel firm …This paper presents a model of a multinational firm's optimal debt policy that incorporates international taxation … of national tax rates and differences between national and foreign tax rates. These differences matter because …

. Despite the reduction in the tax preference for debt finance, capital structures have not changed much, but dividends have …This paper provides an overview of full and partial allowance for corporate equity (ACE) tax systems in practice. In … rather than the tax cut is unclear. …