1983
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Spirng 1983 - Full Issue
The Impact of TEFRA On Leasing Transactions
Free (
by James M. Johnson, Ph.D
In Search of Tax Liability
by Vincent Cannaliato, Jr.
Leasing Brokers & The Securities Laws
By Michael Downey Rice, Esq.
Leasing Company Valuation: Setting a Price for Merger, Acquisitions, or Divestiture
By Daniel E. Heffernan, Sr.
The Enforceability of Leveraged Lease Income Tax Indemnities in Bankruptcy.
By Ted W. Harris, Esq.
Managing a Diversified Portfolio
By S. Ronald Stone$10.00) -
The Impact of TEFRA On Leasing Transactions
The Impact of TEFRA On Leasing Transactions
Free (
by James M. Johnson, Ph.D
Spring 1983
TEFRA permits equipment owners to elect one of two ITC/depreciation options for tax purposes - each inferior to the package available under ERTA. This article examines the extent of TEFRA's inferiority by estimating the percentage increase in lessee rents necessary to "pass through" the tax benefit reduction. The article also establishes optimum TEFRA elections for three and five-year property.$10.00) -
In Search of Tax Liability
In Search of Tax Liability
Free (
by Vincent Cannaliato, Jr.
Spring 1983
The article outlines the reasons for the diminishing availability of tax base for lease transactions including its most likely ramifications. Describing some of the more common reactions to the lack of equity, the article outlines a series of long-range solutions to this major leasing industry problem.$10.00) -
Leasing Brokers & The Securities Laws
Leasing Brokers & The Securities Laws
Free (
By Michael Downey Rice, Esq.
Spring 1983
Certain interests in equipment lease transactions may be construed as "securities" under federal securities laws, which would subject these interests and the lease brokers who handle them to federal regulation. The article examines the determining factors, finding that registration of lease brokers as broker/dealers under the Securities Exchange Act of 1934 preferable to possible exposure to noncompliance.$10.00) -
Leasing Company Valuation: Setting a Price for Merger, Acquisitions, or Divestiture
Leasing Company Valuation: Setting a Price for Merger, Acquisitions, or Divestiture
$10.00
By Daniel E. Heffernan, Sr.
Spring 1983
Due to tax law changes and the continued growth of financial services companies in recent years, an increasing number of leasing companies are being purchased and sold. Given this trend, the purpose of this article is to describe a technique useful in valuing leasing firms. In addition, the article provides the reader with some insight into the observed differences between a public market valuation and a private market valuation. In this context, price premiums and discounts are discussed as the end result of the valuation process. -
The Enforceability of Leveraged Lease Income Tax Indemnities in Bankruptcy.
The Enforceability of Leveraged Lease Income Tax Indemnities in Bankruptcy.
Free (
By Ted W. Harris, Esq.
Spring 1983
The article examines the enforceability of tax indemnity agreements in lessee bankruptcy proceedings under the Bankruptcy Reform Act of 1978. After describing a typical leveraged lease transaction, the author presents an overview of the provisions of the 1978 Act and discusses specific planning that a lessor should consider, focusing on practical alternatives at the time of bankruptcy.$10.00) -
Managing a Diversified Portfolio
Managing a Diversified Portfolio
Free (
By S. Ronald Stone
Spring 1983
Examining management components to handle a diverse lease/finance portfolio, the article considers defining a market, prioritizing efforts, organization, sales and credit strategies, staff specialists and the controls necessary to a successful management technique.$10.00) -
Fall/Winter 1983 - Full Issue
Economic Benefits of Lease Financing
Free (
By Brimmer & Co., Inc.
Yield Analysis for Lessors: A Primer
By James M. Johnson, Ph.D
Modeling a Leveraged Leasing Company
By Thomas E. Schrickel
Adopting the Marketing Concept: The Key to Lessor Survival - and Prosperity - In the 1980s
By Thomas C. Wajnert
Proposals for a Uniform Personal Property Leasing Law: A Nontechnical Synopsis
By Alicia Navar Noyola, Esq.$10.00) -
Economic Benefits of Lease Financing
Economic Benefits of Lease Financing
Free (
By Brimmer & Co., Inc.
Fall/Winter 1983
An executive summary of an indepth analysis of the economic impact of the equipment leasing industry on the U.S. economy, the article reviews the economic incentives for lease financing, and the costs of leasing from a public policy perspective. It quantifies leasing as it relates to other sources of business investment, offers a profile of the equipment leasing industry and investigates leasing's contribution to business investment and employment.$10.00) -
Yield Analysis for Lessors: A Primer
Yield Analysis for Lessors: A Primer
Free (
By James M. Johnson, Ph.D
Fall/Winter 1983
The article presents a number of the more frequently encountered measures of yield. The notions of pretax and after-tax yields, nominal and effective yields, return on investment, internal rate of return, multiple investment yields, and standard sinking fund yields are defined and discussed. Example single investor and leveraged leases are developed to demonstrate the calculation of the various yield measures presented, and the similarity among leveraged lease yields.$10.00)