search query: @author Kruschwitz, L. / total: 13
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| Author: | Kruschwitz, L. |
| Title: | Leasing und Steuern. |
| Journal: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
1991 : FEB, VOL. 43:2, p. 99-118 |
| Index terms: | LEASING TAXATION FEDERAL REPUBLIC OF GERMANY |
| Language: | ger |
| Abstract: | In 1976 it was established that leasing contracts do not trade in perfect capital markets. The paper analyzes whether it helps to understand the existence of leasing contracts if we assume that lessor and lessee are taxed differently. The author's method is to calculate the maximum leasing rate a lessee will accept if he can borrow and buy alternatively. This rate is compared to the one which a lessor needs in order to break even. Dividing the two rates by each other gives a fair measure for the settlement potential which may be caused by different taxation. In general, the elasticity of a leasing rate with regard to a tax rate appears to be approximately zero. |
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