The taxation of intellectual property has become considerably more complex. Tax authorities worldwide have looked at both trying to encourage the creation of intellectual property in their jurisdictions and trying to ensure that it is not diverted elsewhere; and that appropriate revenues are collected in respect of IP.
This course therefore looks at both the carrot and the stick in terms of IP. The carrot being the various tax incentives such as patent box and research and development; both of which have been subject to significant changes in recent years.
The second element looks at the authority's attempts to protect tax revenues from the exploitation of IP. This looks at Diverted Profits Tax, Transfer Pricing and withholding taxes as well as other measures which are designed to ensure that income does not leak away.