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The Debt-Equity Tax Bias: Consequences and Solutions

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  • Serena Fatica
  • Thomas Hemmelgarn
  • Gaetan Nicodeme

Abstract

: H25, H32, G21, G32

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Article provided by De Boeck Université in its journal Reflets et perspectives de la vie économique.

Volume (Year): LII (2013)
Issue (Month): 1 ()
Pages: 5-18

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Handle: RePEc:cai:rpvedb:rpve_521_0005
Contact details of provider: Web page: http://www.cairn.info/revue-reflets-et-perspectives-de-la-vie-economique.htm

Keywords: taxation; financial sector; debt; allowance for corporate equity; comprehensive business income tax; corporate structure;

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Find related papers by JEL classification:
  • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
  • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
  • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
  • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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  11. Schreiber, Ulrich & Overesch, Michael & Büttner, Thiess & Wamser, Georg, 2006. "The Impact of Thin-Capitalization Rules on Multinationals? Financing and Investment Decisions," ZEW Discussion Papers 06-68, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  12. James R. Hines, Jr. & R. Glenn Hubbard, 1990. "Coming Home to America: Dividend Repatriations by U.S. Multinationals," NBER Working Papers 2931, National Bureau of Economic Research, Inc.
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  20. Collins, Julie H. & Shackelford, Douglas A., 1997. "Global organizations and taxes: An analysis of the dividend, interest, royalty, and management fee payments between U.S. multinationals' foreign affiliates," Journal of Accounting and Economics, Elsevier, vol. 24(2), pages 151-173, December.
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  27. Grubert, Harry, 1998. "Taxes and the division of foreign operating income among royalties, interest, dividends and retained earnings," Journal of Public Economics, Elsevier, vol. 68(2), pages 269-290, May.
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Cited by:

  1. Thomas Hemmelgarn & Daniel Teichmann, 2013. "Tax Reforms and the Capital Structure of Banks," Taxation Papers 37, Directorate General Taxation and Customs Union, European Commission.
  2. European Commission, 2013. "Tax reforms in EU Member States - Tax policy challenges for economic growth and fiscal sustainability – 2013 Report," Taxation Papers 38, Directorate General Taxation and Customs Union, European Commission.

This item is featured on the following reading lists or Wikipedia pages:

  1. European Public Finance (ECON-O-403)

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