Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/157758 
Erscheinungsjahr: 
2016
Quellenangabe: 
[Journal:] International Tax and Public Finance [ISSN:] 1573-6970 [Volume:] 23 [Issue:] 1 [Publisher:] Springer [Place:] Berlin [Year:] 2016 [Pages:] 48-81
Verlag: 
Springer, Berlin
Zusammenfassung: 
Tax competition for capital has led to a trend where many countries levy lower taxes on interest income, often introducing differential taxation between interest and business income. This study analyzes the effect on firm debt usage. We exploit Germany's 2009 tax reform, which introduced a final withholding tax on interest income with a flat rate 18 percentage points below the unchanged tax rate on income from unincorporated businesses, as a quasi-experiment. The results, based on firm-level panel data, indicate that firms increase their leverage when the tax rate on interest income decreases, albeit to a small degree.
Schlagwörter: 
Income taxation
Capital taxation
Financial structure
Leverage
Matching
JEL: 
H25
H24
G32
DOI der veröffentlichten Version: 
Sonstige Angaben: 
The final publication is available at Springer via http://dx.doi.org/10.1007/s10797-015-9349-0.
Dokumentart: 
Article
Dokumentversion: 
Accepted Manuscript (Postprint)

Datei(en):
Datei
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