Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  Miscellaneous 2003

Taxing the Intangible: Overview of global approaches and a review of recent policy changes in the UK

Source: Australian Tax Forum Journal Article

Published Date: 1 Oct 2003

 
This paper examines the current approaches to taxation of intangibles in three different jurisdictions: Australia, the US and the UK, with a primary focus on the UK. The first part of the paper outlines the economic impact of various intangible assets. It then outlines the accounting issues related to intangibles as a foundation to an overview of the current tax treatment of intangible assets and goodwill in the three jurisdictions largely built on these accounting principles. The paper then focuses on the recent changes to UK legislation for taxing intellectual property, goodwill and other intangibles. The paper illustrates that, whilst these changes were important, they by no means go as far as they may have gone, given existing knowledge in the area and even the apparent desires of the policy makers in proposing the tax reform in this area. It however, illustrates a promising trend in the process of tax reform debate.
Author(s)

Sorry, this is subscriber only content.

To gain access to this material and much more - Subscribe Now.

(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).

Already a Subscriber? Login now

Subscribe Now

Already a Subscriber? Login now

Download

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2003

Share this page