Taxation of Intellectual Property

"This book builds upon the 'core concepts' introducted in a basic income tax course, such as capitalization, depreciation/amortization, and characterization of income/loss, by specifically addressing their application to intellectual property (IP). In some cases, special rules apply the 'core concepts' differently to IP. This book's goal is to discuss these special IP tax rules and the policy concerns underlying them. Additionally, this book goes beyond the 'core concepts' and addresses tax issues truly unique to IP, such as IP holding companies and international IP transactions. Specifically, this book discusses how multistate corporations use intangible holding companies to minimize exposure to state corporate income taxes. The final chapter covers how U.S. multinational use IP in international transactions to minimize exposure to U.S. income tax"--Provided by publisher.