As part of the discussions addressing the tax challenges of the digital economy in BEPS action 1, a new proposal for international tax reform with marketing intangibles at the core has emerged.
Our study shows that small, open countries with high-intensity R&D in exporting sectors will likely lose net revenues if the marketing intangibles approach is introduced. Furthermore, the proposal will also impact effective tax rates of individual companies. Hence, it is both a country and company tax issue, likely to impact investments.
For further information, please contact Helge Sigurd Næss-Schmidt