Publication Title

Florida Tax Review

Document Type

Article

Publication Date

1-1-2010

Abstract

This article proposes an elective tax benefit transfer system to be available to lessors of property they use in their trade or business. It describes why the current linkage of tax benefits to property ownership is economically inefficient, causing it to have several significant disadvantages to the parties and to the economy, as a whole. The article discusses how the current system reduces a firm’s cash flow and reported earnings, diminishes the intended effect of tax incentive legislation, distorts competition and decision making, and inhibits investment in efficient business assets. It is submitted that the proposed system corrects all of the shortcomings, while not violating any tenet of taxation and being consistent with Congressional attempts to limit tax avoidance.

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Recommended Citation

Ronald W. Blasi, A Proposal for an Elective Tax Benefits Transfer System, 10 Fla. Tax. Rev. 267 (2010).

Volume

10

Issue

2

First Page

267

Last Page

310

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