To Owe or Be Owned -- Depends on How You Tax It
Ruud de Mooij
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Posted 07.13.2011
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Business
Read More:
Global Financial Crisis,
Tax Incentives,
Debt Bias,
Corporate Profits,
Financial Crises,
Equity,
Investment,
Tax Avoidance,
Interest Deductiblity,
Corporate Income Tax,
Tax Deduction,
Capital Gains,
Dividends,
Debt Finance,
Leverage,
Business News
The corporate tax code in the US creates a significant bias toward debt finance over equity. However we have come to realize that excessive debt is much more costly than we have always thought.
