Tax Biases to Debt Finance: Assessing the Problem, Finding Solutions
( IMF Staff Discussion Notes )
Publication series ： IMF Staff Discussion Notes
Author： Ruud A. de Mooij
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2011
E-ISBN: 9781616351434
P-ISBN(Paperback): 9781463935139
Subject： D912.2 财政法
Language： ENG
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Description
The note will pursue one of the major themes of the Funds report on financial taxation to the G20 and its work on taxation and the crisis: the importance of paying more attention to the tax biases favoring the use of debt rather than equity finance, notably through the deductibility against corporation income tax of interest payments but not the return to equity. It will assess evidence on the size, nature and welfare implications of the consequent distortions, and develop practical for addressing it.