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.

Laws, regulations and rules, Property taxes, Property tax, Real property tax, Real property taxes, United States. Internal Revenue Service

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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.

Analysis, Interpretation and construction, Foreign investments, Taxation, Tax law, International aspects, Holding companies, Tax havens, Lebanon

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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.

Thailand, Economic policy, Baht (Thailand)

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