Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/211238 
Erscheinungsjahr: 
2019
Schriftenreihe/Nr.: 
WIDER Working Paper No. 2019/10
Verlag: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Zusammenfassung: 
The problem of debt bias can be tackled through either disincentivizing the use of debt financing or incentivizing the use of equity financing. Considering the South African context - in which many firms are highly leveraged and the marginal effective tax rates for using debt financing are significantly lower than those for equity financing - this study explores the case for introducing an allowance for corporate equity. We show that while such a reform would significantly neutralize the incentives to invest across debt and equity financing, our static simulations - using the NT-SARS CIT-IRP5 panel - show that it would entail a significant revenue loss to the fiscus.
Schlagwörter: 
debt bias
investment incentives
corporate tax
tax revenue
South Africa
JEL: 
H21
H25
H32
O23
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-9256-644-9
Dokumentart: 
Working Paper

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