Tax Evasion and Intangible Assets

Interview with Prof. Pankaj Ghemawat


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.