tax benefit of debt (net and gross of investor taxes) and the debt ratio. A 10% increase in the net (gross) marginal tax … also be identified in a partial adjustment model. -- Debt ; capital structure ; marginal tax rate ; corporate taxes … simulate marginal tax rates, we find a statistically and economically significant positive relationship between the marginal …

such differential taxation on the debt ratio of firms. We exploit a 2009 tax reform in Germany as a quasi-experiment, which … leverage when the tax rate on interest income decreases, albeit to a small degree. -- Income taxation ; capital taxation …Tax competition for the mobile factor capital has led to a trend in many countries to levy lower taxes on interest …

market financing, debt or equity financing - seems to be particularly harmful or beneficial for growth. …

endogeneity. To distinguish the two, we study a German tax reform that permitted banks to sell their equity stakes tax-free. After …

negatively related to credit spreads. Particularly during the financial crisis of 2007-09 and the subsequent European debt crisis …

the tax system is a theoretical borderline. The specific issues examined in this study are (i) to what extent do consumers … (here married women) perceive their true marginal tax rate when they make their labour supply decisions?, and (ii) how does … the perception of the marginal tax rate differ among various socio-economic groups?. Using different approaches and …