Partner leasing in Sweden : a case study in financial innovation and re-regulation
AbstractPartner leasing is a form of financial leasing which is driven primarily by tax considerations. We discuss how partner leasing flourished in Sweden as a financial innovation in response to particular tax rules around 1983, and how the authorities attempted to eliminate it. Specific reference is made to the Tjädern case, an authentic and sophisticated piece of financial engineering. The lowering of the corporate income tax rate through the 1991 tax reform and the subsequent fall in interest rates seem to have made partner leasing relatively uninteresting today as a corporate tax planning device.
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Bibliographic InfoArticle provided by Finnish Economic Association in its journal Finnish Economic Papers.
Volume (Year): 11 (1998)
Issue (Month): 1 (Spring)
Find related papers by JEL classification:
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion
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