Moving intellectual property rights to an offshore jurisdiction for tax purposes may be tempting, but beware the numerous pitfalls. Michelle Dillon provides a checklist for tax advisers
October 11, 2006 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
The migration of intellectual property (IP) rights to tax advantageous jurisdictions is receiving ever-greater attention, as companies and tax authorities focus on the significant value of intangibles.
Like all assets of a business, it is important to ensure that intangibles are owned and exploited in a tax-efficient manner and it can be an attractive proposition to move IP rights to a location that offers greater tax advantages.
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