global games methodologies. Contingent convertible bonds are meant to act as a bail-in mechanism for banks, where CoCo debt …

’ possibilities of engaging in tax planning via debt shifting. This paper analyzes the effects of thin capitalization rules in the …

the parent and the affiliates; (iv) both parental debt and external debt increase when the tax rate increases, all else … tax jurisdiction. This paper discusses the link between capital structure choices and tax planning motives in … multinational groups. We model the trade-off between the use of external debt, parental debt and an internal bank. We test the …

multinational firms show that the tax sensitivity of debt is more modest than what one would expect given the incentives for profit …The OECD in its BEPS action plan 4 addresses tax base erosion by profit shifting through the use of tax deductible … that pertains to the use of debt. …

affiliate's debt to assets ratio by 0.8%, which shows that rules targeting internal leverage have an indirect effect on the …This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital … countries for the period 1982-2004. Using confidential data on the internal and total leverage of foreign affiliates of US …

100% leverage tax on assets such as letters of credit would reduce their natural attractiveness relative to higher … created leverage ratio for trade. This paper offers a relatively simple model approach showing the conditions under which the …-risk ones, which stand in the balance sheet of banks. The decision by the Basel Committee in early 2014 weakening the leverage …