There’s about $9 trillion in corporate debt. Many financial analysists warn of a “corporate debt bubble” and that it’s a harbinger of economic recession and even depression.
A quick google search of “corporate debt” will give you thousands of results. Surprisingly, most of these articles fail to address a key issue: corporate debt is frequently just a tax play.
Under the US tax code, borrowed money is not considered income. Thus, no taxes are owed when receiving a loan.