๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Debt policy, corporate taxes, and discount rates

โœ Scribed by Mark Grinblatt; Jun Liu


Book ID
113707961
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
305 KB
Volume
141
Category
Article
ISSN
0022-0531

No coin nor oath required. For personal study only.


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We gather a unique sample of 44 tax shelter cases to investigate the magnitude of tax shelter activity and whether participating in a shelter is related to corporate debt policy. The average annual deduction produced by the shelters in our sample is very large, equaling approximately nine percent of