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Intangibles Targeted in Tax Audits

Intangibles Targeted in Tax Audits

First published in Wall Street Journal CFO Journal, 26 March 2013

Intangible assets such as intellectual property, technology processes and copyrights have grown over the past decade to account for a greater portion of corporate profits, and tax regulators are taking notice. Companies have increasingly used so-called transfer pricing to shift profits stemming from these assets to low-tax countries, according to an OECD report....

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First published in Wall Street Journal CFO Journal, 26 March 2013

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Taxand's Take

“Tax authorities are running out of ways to increase tax revenues but intangibles remain one of the few areas left to explore. Many multinationals are facing the perfect storm of rising public scrutiny, inevitable tax audits and a heavier compliance burden in the intangibles arena."

Taxand's Take Author