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The Reform of the Notional Interest Deduction in Belgium: Evidence of the Impact on the Cost of Equity and the Financing Decisions of Belgian Companies.

Leyder, Justin
(2019)

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Leyder_48081700_2019.pdf
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Details

Supervisors
Marcel Gérard
Faculty
Louvain School of Management
Degree label
Master [120] en ingénieur de gestion
Abstract
This paper assesses the impact of the reform of the NID in Belgium on leverage companies. Based on the Belgian case and the different measures implemented since 1960, I discuss the variation in the ETR and the Cost of Equity. Finally, I put the conclusions on perspective with a discussion over the potential for a European Taxation System.