Series: IMF Working Papers
Author(s): Michael Keen , and Ruud Mooij
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2012
Keywords: Bank taxation, corporate tax, debt bias, leverage, tax rate, capital requirement, deposit insurance, bank capital, Business Taxes and Subsidies including sales and value-added (VAT),
Understanding the impact of the asymmetric tax treatment of debt and equity on the capital structures of financial institutions is critical to shaping and assessing responses to the problem of excessive leverage th...