Abstract and keywords
Abstract (English):
Subject of research. Leaseback is a progressive investment tool and occupies a certain place in corporate financial management. Its application in practice is often interpreted by the tax authorities as a "problem deal" that provides unreasonable tax benefits. As a result, good taxpayers are suffering, those who use leasing as a tool for ensuring extended reproduction. The present research features the system of taxation of returnable leasing. Methods. The research involves the methods of retrospective study and comparative analysis, synthesis, induction, and deduction. These methods allowed the authors to obtain reliable and valid results. Objectives. The research aims at elaboration of recommendations on the adjustment of leasing and tax legislation to shape a regulatory environment for leasing taxation. Such environment is aimed at providing conditions for leaseback as a tool for managing corporate finances that makes it possible to ensure a clear recognition of leaseback in the system of its regulatory regulation in order to protect the tax interests of repayable leasing entities. Results. The paper describes the current system of taxation of leaseback for individual taxes, analyzes the judicial practice of considering tax disputes on the use of leaseback, and proposes measures to create a regulatory environment for taxation of leaseback. Application area. The results of the study can be used by the authorities and management as recommendations for adjusting leasing and tax legislation; various subjects of the business community for making the right management decisions and investment decisions on financing organizations through leaseback. Conclusions. Creating conditions to ensure the reliability of leaseback will increase their role in solving problems of financial management of the organization. Ultimately, this will activate the financing of corporations that use the leaseback mechanism. It will also provide the conditions for the functioning of harmonious tax relations between the state and the business sector.

finance lease, leasing legislation, developing leaseback, tax system, tax risks, financial management
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