M&T Lawyers: Dilemma and Breakout of Sale and Leaseback Business in the VAT Reform Download
Sale and leaseback is a financial transaction, where one sells an asset and leases it back for the long-term; therefore, one continues to be able to use the asset but no longer owns it. According to statistics, sale and leaseback accounts for more than 70% of the business of the lease finance companies. Along with the VAT Reform, sale and leaseback business of the lease finance companies is seriously affected.
This article analyzed the change of tax policies on sale and leaseback business, the impact on ease finance companies in the VAT Reform and the breakout attempt of enterprises and policymakers, digging out the deep reasons of the dilemma, and gave reform suggestions.
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