Tax-deferred exchanges: pros and cons
Article Abstract:
Section 1031 of the Internal Revenue Code outlines requirements for the qualification of a real property exchange as a tax-deferred exchange. Tax reasons that justify property exchanges include tax payment deferral, gains from exchange combined with installment sales and maximizing depreciation recapture. Non-tax incentives to such exchanges include consolidation and expansion of investment portfolio. On the other hand, exchanges do not make financial sense for property owners when a lower tax basis for depreciation is made and transaction costs are better minimize in sales.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1996
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Transforming Lebanon into a tax haven
Article Abstract:
Lebanon has slashed its corporate income tax 75% and created other favorable tax structures for offshore and holding companies in an effort to become a tax haven. The relevant laws and measures include Decree-Law No 144 of June 1959, amended in Dec 1993 by Law No 282/94; DL 45 and DL 46, of June 1983; DL 156 of Sept 1983; and the budget law of Feb 1995. The latter permits a greater range of activities for offshore companies and lowers some tax rates for holding companies.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1995
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A tiger stumbles
Article Abstract:
Thailand's currency, the baht, was devalued in Mar 1997, which resulted in some companies closing their operations. The baht's devaluation was well received by the stockmarket, but many observers believe that some industries such as energy, communication, construction and petroleum will suffer economic losses. Before the baht's devaluation, Thailand's stockmarket had the world's worst performance.
Publication Name: Asian Review of Business and Technology
Subject: Economics
ISSN: 0956-3784
Year: 1997
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