[PEN-L:30026] RE: Re: RE: Re: sale and lease back of land and bui ldings

["Davies, Daniel" <daniel.davies@xxxxxxxxxxxx>]

shamefully, usually to either avoid tax (NHS Trusts are big players in the
industry) or to subvert restrictions on their ability to make large capital
purchases by substituting for a capital outlay (which might be subject to
some restriction, or possibly the debt raised to buy it might be) for a
stream of lease payments (which can usually be dressed up as current
expenditure).

-----Original Message-----
From: Michael Perelman [mailto:michael@xxxxxxxxxxxxxxxxx]
Sent: 04 September 2002 15:27
To: pen-l@xxxxxxxxxxxxxxxxxxx
Subject: [PEN-L:30025] Re: RE: Re: sale and lease back of land and
buildings


Why do public agencies engage in sale and leasebacks?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx


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