![Phil Tax System and Income Tax Tax systems encourage firms to use debt rather than equity finance, and more generally to economize on dividend payments to shareholders. Phil Tax System and Income Tax Tax systems encourage firms to use debt rather than equity finance, and more generally to economize on dividend payments to shareholders.](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSMGkTPWiXG_zO9lqJiHmryxddDMXwCN_4B4ogd3djtrOsLv_dJIsBSNb5Fo9i6OrBNeAsaqvnlparZray9fkahRlCl0f1wEH0dbajHbBLe02uQ3W-m8ijceXV0OKwlCzfWSxMC9nxDgk/w640-h336-rw/1_YVdHyU6TWo7VeQOr6QIeKQ.jpeg)
Phil Tax System and Income Tax
Tax systems encourage firms to use debt rather than equity finance, and more generally to economize on dividend payments to shareholders.
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