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Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/59589
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Panteghini, Paolo | | en_US |
| dc.contributor.author | | Parisi, Maria Laura | | en_US |
| dc.contributor.author | | Pighetti, Francesca | | en_US |
| dc.date.accessioned | | 2012-07-03 | | en_US |
| dc.date.accessioned | | 2012-07-10T16:42:30Z | | - |
| dc.date.available | | 2012-07-10T16:42:30Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/59589 | | - |
| dc.description.abstract | | This article describes the new ACE-type system implemented in Italy since 2012. The authors first show that this system reduces but does not eliminate the financial distortion due to interest deductibility. Using a dataset of Italian companies, the authors analyze the impact of this relief on Italian firm capital structure. Despite the permanence of a tax advantage and its gradual implementation, the ACE relief is estimated to reduce significantly leverage. By decreasing default risk it is also expected to reduce systemic risk. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Economics Discussion Papers 2012-31 | | en_US |
| dc.subject.jel | | H25 | | en_US |
| dc.subject.jel | | H32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | ACE | | en_US |
| dc.subject.keyword | | business taxation | | en_US |
| dc.subject.keyword | | leverage | | en_US |
| dc.subject.stw | | Unternehmensbesteuerung | | en_US |
| dc.subject.stw | | Eigenkapital | | en_US |
| dc.subject.stw | | Steuerbegünstigung | | en_US |
| dc.subject.stw | | Kapitalstruktur | | en_US |
| dc.subject.stw | | Italien | | en_US |
| dc.title | | Italy's ACE tax and its effect on a firm's leverage | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 718694260 | | en_US |
| dc.rights.license | | http://creativecommons.org/licenses/by-nc/2.0/de/deed.en | | - |
| dc.identifier.repec | | RePEc:zbw:ifwedp:201231 | | - |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers
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