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Taxand Global Intangibles Survey 2013

Taxand Global Intangibles Survey 2013
Global
19 Mar 2013
Political pressure + 2014 OECD TP Guideline changes = Window of opportunity

Tax authorities are running out of ways to increase tax revenues. Without venturing into the politically undesirable territory of tax rate increases, intangibles are one of the very few areas left to explore.

Taxand is pleased to announce the results of our first Taxand Global Intangibles Survey. Designed to assess multinationals’ intangibles portfolios our Taxand Global Intangibles report reviews multinationals’ current intangibles portfolios; explores multinationals’ familiarity with the OECD TP guidelines regulations, auditing and tax related dispute resolution; and multinationals’ tax strategies and planning related to intangibles.

The survey was conducted with an exclusive selection of our large, multinational clients located across the Americas, Europe and Asia. Companies selected for interview with the Taxand Global Intangibles Survey are active in more than 100 countries around the world with operations in Americas, Europe, Asia and beyond.

Download your copy of the Taxand Global Intangibles Survey 

Read our Wall Street Journal CFO Journal media coverage

Discover more: 72% of multinationals concerned about brand damage over intangibles asset treatment 

To discuss our intangibles diagnostic please contact your local Taxand TP & Business Restructuring advisor 

Taxand Global Intangibles Survey Highlights

  • 73% of respondents do not currently implement a tax planning strategy for intangibles.
  • 63% expect an increase in the level of enforcement activity by tax authorities.
  • 72% of respondents are concerned about brand reputation in relation to tax planning activities.
  • 88% of respondents that have implemented a tax planning strategy for intangible assets agree that the strategy delivered an increase in profit.

Taxand's Take

In 2013 you can expect scrutiny of your intangibles and business restructuring arrangements to intensify. With political pressure and OECD changes due to take effect in 2014, you have a window of opportunity to make the necessary changes to your policies, pricing and supporting documentation:

  • Thoroughly take stock of the intangibles in your business
  • Understand the economic importance of these intangibles to all group companies.
  • Review which entities are entitled to intangible-related returns under the new principles.
  • Review the restructuring transactions that gave rise to your current TP arrangements.
  • Focus on the specific OECD changes and evaluate whether you can withstand a potential challenge.
  • Make sure that your intangibles portfolio is consistent with the OECD revised guidance on economic analysis.

Taxand's Take Author