Series: IMF Working Papers
Author(s): Ruud A. Mooij , Michael Keen , and Masanori Orihara
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 February 2013
Keywords: Bank taxation, corporate tax, debt bias, leverage, banking crisis, banking, financial crisis, banking crises, systemic banking crisis, Business Taxes and Subsidies,
That most corporate tax systems favor debt over equity finance is now widely recognized as, potentially, amplifying risks to financial stability. This paper makes a first attempt to explore, empirically, the link b...