Tax Evasion and Intangible Assets

Interview with Prof. Pankaj Ghemawat

01/02/2013 Barcelona

Tax Evasion and Intangible Assets (01-02-2013 11:25:17)_IESE_074267

Tax Evasion and Intangible Assets

As intangible assets form a growing part of what businesses are worth, there will be an increase in the exploitation of tax loopholes as these assets can be assigned anywhere, says IESE Prof. Pankaj Ghemawat. While tax harmonization seems a distant possibility, what is needed is not to punish business but to put more pressure on tax havens and to simplify the tax system

As intangible assets form a growing part of what businesses are worth, there will be an increase in the exploitation of tax loopholes as these assets can be assigned anywhere, says IESE Prof. Pankaj Ghemawat. While tax harmonization seems a distant possibility, what is needed is not to punish business but to put more pressure on tax havens and to simplify the tax system.