Innovation and Intellectual Property (IP) are key value drivers from business. This means that IP ownership models have a significant effect on the taxation of multinationals.
IP is a target of three major themes. Coherence looks to tax certain types of low or zero tax income, substance rules look to attribute interact profit to the locations in which key staff are based, and transparency requirements will make businesses highlight low taxed or lightly staffed IP owners.
Tax is now discussed in the media and by the general public. This has become a significant issue for business and stakeholders.
So how should business respond to the changing environment?
Adrian Gregory, a specialist in our tax practice discusses the impact of IP and how it could impact you.