  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.
