Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/59589 
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dc.contributor.authorPanteghini, Paoloen
dc.contributor.authorParisi, Maria Lauraen
dc.contributor.authorPighetti, Francescaen
dc.date.accessioned2012-07-03-
dc.date.accessioned2012-07-10T16:42:30Z-
dc.date.available2012-07-10T16:42:30Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/59589-
dc.description.abstractThis 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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2012-31en
dc.subject.jelH25en
dc.subject.jelH32en
dc.subject.ddc330en
dc.subject.keywordACEen
dc.subject.keywordbusiness taxationen
dc.subject.keywordleverageen
dc.subject.stwUnternehmensbesteuerungen
dc.subject.stwEigenkapitalen
dc.subject.stwSteuerbegünstigungen
dc.subject.stwKapitalstrukturen
dc.subject.stwItalienen
dc.titleItaly's ACE tax and its effect on a firm's leverage-
dc.typeWorking Paperen
dc.identifier.ppn718694260en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:201231en

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