| Good going Exec 1:"Hey guys! I got a great idea! Let's sell our cell towers for 670million!"
Exec 2:"But what will we do about cell service to the few one customer we have left?"
Exec 1:"Don't worry we will lease them back and end up paying more in the long run than if we kept them ourselves!" |
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 trparkyApple... YUMPremium,MVM
join:2000-05-24
Cleveland, OH
kudos:1 | It's the beginning of the end for Sprint.
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Tom |
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 FLengineerCCNA, CEH, MCSAPremium
join:2007-06-26
Leesburg, FL | reply to BPLSUCKS9
Exec 2: "Cool, now leave me alone I just installed UT4, wait I meant I have a conference call coming in." |
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 FicmanSPremium
join:2005-01-11
Brownsburg, IN | reply to trparky
Yes this does not sound good at all... |
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| reply to BPLSUCKS9
said by BPLSUCKS9:Exec 1:"Don't worry we will lease them back and end up paying more in the long run than if we kept them ourselves!" There are tax advantages leasing versus owning. State & local taxes can be eliminated and federal taxes can be reduced as leases are operational expenses that reduce taxable income.
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My BLOG .. .. Internet News .. .. My Web Page
Ask yourself one question: 'Do I feel lucky?' Well, do ya punk? |
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| said by fAcEtIOUs:said by BPLSUCKS9:Exec 1:"Don't worry we will lease them back and end up paying more in the long run than if we kept them ourselves!" There are tax advantages leasing versus owning. State & local taxes can be eliminated and federal taxes can be reduced as leases are operational expenses that reduce taxable income. Exactly! One thing we both agree upon. |
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Reviews:
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| reply to fAcEtIOUs
said by fAcEtIOUs:State & local taxes can be eliminated and federal taxes can be reduced as leases are operational expenses that reduce taxable income. Doesn't the new owner of the towers have the same tax consequences that the towers previously caused for Sprint? Won't they just pass that along to Sprint?
Mark |
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| said by amigo_boy:said by fAcEtIOUs:State & local taxes can be eliminated and federal taxes can be reduced as leases are operational expenses that reduce taxable income. Doesn't the new owner of the towers have the same tax consequences that the towers previously caused for Sprint? Won't they just pass that along to Sprint? Mark That would all be taken in to account with the terms of the lease. Obviously the tower company would want all their costs( + a profit) covered in the lease. So the localities aren't losing anything, but Sprint gets advantages by having the costs covered "above the line" in the lease.
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My BLOG .. .. Internet News .. .. My Web Page
Ask yourself one question: 'Do I feel lucky?' Well, do ya punk? |
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fiberguyMy views are my own.Premium
join:2005-05-20
kudos:3 | reply to BPLSUCKS9
Without knowing the terms of the lease, what empowers you to make a comment like that? Its' quite possible that as part of the lease, and is common, the owners maintain the towers, permit them, etc. It reduces labor costs, ownership costs, etc.
I think you don't know what you're talking about. But, in the spirit of, well, many others, your cute remark fits in here. |
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| reply to fAcEtIOUs
But all the original tax is still being charged to the new owner and sprint will have to pay some tax. This equals more taxes overall. And the new company is going to have to collect this money, plus an additional 50% for profit. Sprint has to be going under. |
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 jpl931
join:2001-02-22
Herculaneum, MO | reply to trparky
It is called CTD (circling the drain) |
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