Faithin Omaha eBook Collection

Corporate income taxation (CIT) in most countries favors debt over equity financing, leading to over-indebtedness. This problem is particularly acute for the fi

This study points to a relation between corporate taxation, bank leverage and costs of financial crises. The authors first estimate the effect of corporate taxa

Tax distortions are likely to have encouraged excessive leveraging and other financial market problems evident in the crisis. These effects have been little exp

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and