Corporate Tax-shields and Capital Structure: Levelling the Playing Field in Debt v.s. Equity

Business & Economics

• Tax Shield 100%
• Leveling 92%
• Corporate Tax 84%
• Equity 83%
• Capital Structure 71%
• Debt 70%
• Tax Discrimination 26%
• Bank Capital Structure 24%
• Tax System 21%
• Tax Distortions 21%
• Equity Finance 21%
• Bank Regulator 20%
• Debt Finance 20%
• Risk Taking 19%
• Corporate Income Tax 18%
• Cost of Debt 18%
• Capital Ratios 18%
• Deductibles 18%
• Bank Capital 17%
• Common Features 17%
• Unintended Consequences 16%
• Default Risk 15%
• Policy Instruments 15%
• Difference-in-differences 15%
• Lending 12%
• Italy 10%
• Expenditure 10%
• Tax 9%
• Profit 8%