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Q&A: IP, IT & a byte: The Tax Bite On Intellectual Property
Published on 01 May 04 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
Intellectual property is increasingly representing the value underlying a business. The notion that the value of a business simply comprises plant and equipment, land and buildings, and goodwill as the balancing item, are long gone. We need to recognise that goodwill is separate from the underlying intangibles and value must be separately attributed to intellectual property... and not just the notional $1 as often appears in contracts.