Tax distortions in cross-border flows of intangible assets
| Autor: | Sacha Wunsch-Vincent, Thomas S. Neubig |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Information Systems and Management
Strategy and Management media_common.quotation_subject 05 social sciences Public policy ComputingMilieux_LEGALASPECTSOFCOMPUTING International economics lcsh:Business Intellectual property Payment Profit (economics) Globalization Multinational corporation Management of Technology and Innovation Phenomenon 0502 economics and business Tax planning Business 050207 economics lcsh:HF5001-6182 050205 econometrics media_common |
| Zdroj: | International Journal of Innovation Studies, Vol 2, Iss 3, Pp 101-121 (2018) |
| ISSN: | 2096-2487 |
| Popis: | The phenomenon of global fragmented production and associated trade in intermediate products, including intangible assets, has changed how economists study globalization and how new public policies are shaped. Understanding cross-border flows of disembodied knowledge, often associated with intellectual property (IP), is essential for analyzing how modern economies operate. Available data to document these international IP-related knowledge flows—namely cross-border payments for IP—are distorted by various factors. Tax planning by multinational enterprises has seriously distorted the measurement of cross-border IP flows, affecting national measurements of imports, exports, GDP, and productivity. The tax-induced mismeasurement could be more than 35% of global charges for use of intellectual property, and greater for individual countries, particularly high-tax-rate countries. International initiatives to address the effects of tax base erosion, profit shifting, and other statistical initiatives on global value chains will improve future measurements of cross-border IP flows, improving the understanding of both the creation and uses of IP. Keywords: Global value chain, Intellectual property, Intangible assets, Tax, Base erosion, Profit shifting, Cross-border flows, Charges for the use of intellectual property |
| Databáze: | OpenAIRE |
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