Series: IMF Working Papers
Author(s): Jost Heckemeyer , and Ruud A. Mooij
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 October 2013
Keywords: Corporate tax, debt bias, leverage, non-financial firms, quantile regressions, bank size, capital structure, banking, tax sensitivity, tax elasticity
This paper explores whether corporate tax bias toward debt finance differs between banks and nonbanks, using a large panel of micro data. On average, it finds that there is no significant difference. The marginal t...