Some Issues Associated with Business Debt
In this report we investigate the impact of the recent increase in indebtedness in the United States on tax receipts, economic stability, and economic efficiency. Evidence reported in this study shows that increased indebtedness in the corporate sector has a significant cost to the Treasury in terms of reduced tax receipts. This reduction in corporate tax receipts is not fully offset by an increase in personal taxes. It appears that corporate restructuring, together with the build-up of debt, is worrisome and bears careful monitoring, but it does not seem to lead to a financial crisis. The issue of economic stability, without access to more data, is not settled and it is difficult to make a clear case.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:|
|Contact details of provider:|| Postal: 3254 Steinberg Hall-Dietrich Hall, Philadelphia, PA 19104-6367|
Phone: (215) 898-7616
Fax: (215) 573-8084
Web page: http://finance.wharton.upenn.edu/~rlwctr/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:pennfi:25-90. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.