(DOWNLOAD) "From One Pocket to the Other: The Abuse of Real Estate Investment Trusts Deductions." by Missouri Law Review * eBook PDF Kindle ePub Free
eBook details
- Title: From One Pocket to the Other: The Abuse of Real Estate Investment Trusts Deductions.
- Author : Missouri Law Review
- Release Date : January 22, 2007
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 281 KB
Description
I. INTRODUCTION Many large, multi-state retailers and banks have been acting as their own landlord by paying rent to themselves. Sophisticated corporate tax strategists have employed a method of avoiding state taxes by using a real estate investment trust (REIT) to "own" its real estate. The retailer or bank then pays rent to the REIT, which then turns the money over to a holding company. The rent money ends up back in the hands of the corporate parent, without being subject to state income tax along the way.
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