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Cross-border leasing has been broadly made use of in some European countries, to arbitrage the distinction in the tax laws of distinctive jurisdictions, typically amongst a European nation and the United States Typically, this rests on the fact that, for tax purposes, some jurisdictions assign ownership and the attendant depreciation allowances to the entity that has legal title to an asset, when other individuals (like the U.S.) assign it to the entity that has the most indicia of tax ownership (legal title being only a single of a number of factors taken into account). As a solution, operational leasing sees 30-40 per cent year-on-year growth,” stated Mr Neeraj Kumar, CEO, Orix Auto Infrastructure Services Ltd, a joint venture amongst Orix Corporation, Japan and Infrastructure Leasing and Finance Solutions Ltd. The development of leasing has resulted in the term becoming applied to quite a few types of finance.
For the base …
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