This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial … corporate (NFC) sector, using a large firm-level dataset. We find that so-called debt bias is a significant driver of leverage … flow, and capital intensity. We conclude that leveling the playing field between debt and equity finance through tax policy …

incentives of bank levies to reduce leverage turn insignificant. Thus, bank levies can counteract the debt bias of taxation only …Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes … funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending …

incentives of bank levies to reduce leverage turn ineffective. Thus, bank levies can counteract the debt bias of taxation only …Regulatory bank levies set incentives for banks to reduce leverage. At the same time, corporate income taxation makes … funding through debt more attractive. In this paper, we explore how regulatory levies affect bank capital structure, depending …