English

Tax Bond Creation Using a Structural Model and its Extensions

Pricing of Securities 2015-09-04 v1

Abstract

This article describes and explores taxes and debt in finance. Here a situation is thought about, where tax payments would qualify to be considered as debt. Using this principle we can infer that it is possible to create and price a type of bond (Tax Normalization Guarantee) for companies, which would allow them to enter in temporary tax breaks to allow them to free capital. Finally it is explored a way to structure these bonds in financial products and valuate them.

Cite

@article{arxiv.1509.01218,
  title  = {Tax Bond Creation Using a Structural Model and its Extensions},
  author = {Suren Harutyunyan},
  journal= {arXiv preprint arXiv:1509.01218},
  year   = {2015}
}
R2 v1 2026-06-22T10:48:41.476Z