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Taxation and leverage in international banking /

This paper explores how corporate taxes affect the financial structure of multinational banks. Guided by a simple theory of optimal capital structure it tests (i) whether corporate taxes induce subsidiary banks to raise their debt-asset ratio in light of the traditional debt bias; and (ii) whether i...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Gu, Grace (Author), Mooij, Ruud A. de (Author), Poghosyan, Tigran (Author)
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/281.
Subjects:
Online Access:Texto completo