基于杠杆租赁的项目融资模式分析  

Analysis on Project Financing Model Based on Leveraged Lease

作　　者：胡达沙[1] 王智源[1] 曹晓军[1] 

机构地区：[1]中国科学技术大学管理学院,安徽合肥230026

出　　处：《安徽农业科学》2007年第13期4080-4082,共3页Journal of Anhui Agricultural Sciences

摘　　要：简述了基于杠杆租赁的项目融资基本结构,从加速折旧、债务利息抵减应纳税收益(债务税盾效应)和利息预提税等多个角度分析了基于杠杆租赁的项目融资模式的特点和税务优势,并与一般租赁项目融资进行比较;借鉴成功案例从政策稳定性、高级专业人才储备、适用范围及投资结构的法律形式等方面分析了其在我国运用的难点,并结合国情和现状提出了对策。The basic structure of project fmancing model based on leveraged lease was depicted briefly. The characters and tax affair predominance of project financing model based on leveraged lease were analyzed from many views of speeding up the depreciation, need mtepaying revene being decreased by mortgage debt interest（tax shield of debt interest） and interest withholding tax etc, and compared with general lease project fmancing. Based on reference of successful case, the difficulties of applying project fmacing model based on leveraged lease were analyzed from the aspects of policy stability, reserve of high grade professional, applicable range of financing and law form of investment structure, etc. Finally some countermeasure were put forward.

关 键 词：项目融资 杠杆租赁 融资模式 税务优势 

分 类 号：F224.9[经济管理—国民经济]