Main | January 2006 »

Dec29
Raising Municipal Financing Costs
The Wall Street Journal earlier this month reported on the sale and subsequent leaseback of Chicago’s Skyway toll road to Macqaurie Bank of Australia. The sale price of this transaction, referred to as a SILO (sale-in, lease-out) was $1.8 billion. Good for Chicago, I say, as the cash was much needed to fund other city operations. But I also have to ask if it is really in our long-term interests to shift ownership of key US infrastructure into foreign hands, especially when there are US alternatives?
 
Two years ago, this transaction most likely would have been consummated with a US bank, or other financial institution. Recent tax legislation, however, has cast transactions such as these as schemes and financial artifices if a US company is involved. Same economics, same structure, the only difference being that the ultimate owner is a US lessor. What gives?
 
As many things go in Washington, US-owned leases to tax-exempt entities such as the city of Chicago were the casualties of hype and hysteria. There was even a documentary on PBS examining tax-exempt leases that characterized the leasing industry as ‘a bunch of hucksters.’ An interesting term to use to describe companies such as GE, Bank of America, and Citibank.
 
Continue Reading
Dec27
Introduction
Hello, my name is Shawn Halladay, and I will be hosting this blog on equipment leasing.  My goal is to thoroughly explore the applications and practices of equipment leasing around the world, including all the similarities and differences between locales.  The discussions will be wide ranging, always informative, and often evocative.  I encourage you to ask questions, challenge ideas, and let me know what you think.  In this way, we can all gain the maximum benefit from this experience. Continue Reading

Main | January 2006 »

Advertisement

Related Resources

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - Finance / Banking / Insurance

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    LeasingNotes is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb