Debt Bias and Other Distortions : Crisis-Related Issues in Tax Policy.
Tax distortions are likely to have encouraged excessive leveraging and other financial market problems evident in the crisis. These effects have been little explored, but are potentially macro-relevant. Taxation can result, for example, in a net subsidy to borrowing of hundreds of basis points, rais...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Series: | Policy Papers; Policy Paper ;
No. 2009/095 |
| Online Access: | Full text available on IMF |