Usually leases allow for overhead costs to be lumped in to some percentage.

If you buy something, you can roll installation services into it. This was just stretching it.

Who would be the victim of fraud in the situation described above? It's my understanding that both the lessor and the lessee know about the office supplies.

And the IFRS rules in question came about to ensure investors were similarly informed. Leasing is less capital intensive, more tax efficient and more flexible than owning.

Case in point: when I consume a bottle of water from my Uber driver, I am consuming it as part of a lease.

The investor.