Abstract

http://ssrn.com/abstract=1831449
 


 



Electing Tax Benefits in Leasing Transactions


Ronald Blasi


Georgia State University College of Law

February 8, 2011

Daily Tax Report, Vol. 26, p. J1, February 8, 2011
Georgia State University College of Law, Legal Studies Research Paper

Abstract:     
This article recommends allowing a lessor and a lessee to decide between themselves which party will be entitled to the tax benefit associated with the ownership of the leased property. It describes why the current linkage of tax benefits to property ownership is economically inefficient and disadvantageous to the parties and to the economy as a whole. Existing law diminishes the intended effect of tax incentive legislation, reduces a firm’s cash flow and reported earnings, distorts competition and decision making, and inhibits investment in efficient business assets. The proposed election addresses these shortcomings, while not violating anti-avoidance tenets of taxation.

Number of Pages in PDF File: 12

Keywords: tax, taxation, tax benefit, leases, real property, property, tax incentives, tax law, law and economics

JEL Classification: E62, H20, H25, H29, K00, K11, K34

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Date posted: May 24, 2011  

Suggested Citation

Blasi, Ronald, Electing Tax Benefits in Leasing Transactions (February 8, 2011). Daily Tax Report, Vol. 26, p. J1, February 8, 2011; Georgia State University College of Law, Legal Studies Research Paper . Available at SSRN: http://ssrn.com/abstract=1831449

Contact Information

Ronald Blasi (Contact Author)
Georgia State University College of Law ( email )
P.O. Box 4037
Atlanta, GA 30302-4037
United States
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