The Intellectual Property Holding Company
Tax Use and Abuse from Victoria's Secret to Apple
- English
- PDF
- Available on iOS & Android
The Intellectual Property Holding Company
Tax Use and Abuse from Victoria's Secret to Apple
About this book
Many companies that have become household names have avoided billions in taxes by 'parking' their valuable intellectual property (IP) assets in holding companies located in tax-favored jurisdictions. In the United States, for example, many domestic companies have moved their IP to tax-favored states such as Delaware or Nevada, while multinational companies have done the same by setting up foreign subsidiaries in Ireland, Singapore, Switzerland, and the Netherlands. In this illuminating work, tax scholar Jeffrey A. Maine teams up with IP expert Xuan-Thao Nguyen to explain how the use of these IP holding companies has become economically unjustified and socially unacceptable, and how numerous calls for change have been made. This book should be read by anyone interested in how corporations - including Gore-Tex, Victoria's Secret, Sherwin-Williams, Toys-R-Us, Apple, Microsoft, and Uber - have avoided tax liability with IP holding companies and how different constituencies are working to stop them.
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Information
Table of contents
- Cover
- Half-title page
- Series page
- Title page
- Copyright page
- Contents
- List of Tables and Figures
- 1 Introduction
- 2 The Delaware Gift to Corporations: Tracing the Roots of the Domestic IP Holding Company
- 3 The Domestic IP Holding Company’s Structure and Phantom
- 4 The Scrutiny from the States
- 5 Domestic Tax Havens: Exploring Solutions
- 6 Key Incentives to Create Foreign IP Holding Companies
- 7 International Structures Used by Apple and Other Multinational Companies
- 8 Government Barriers to Intellectual Property Income Shifting and Their (In)Effectiveness
- 9 Foreign Tax Havens: Exploring Solutions to Intellectual Property Income Shifting Offshore
- 10 Final Thoughts on IP Holding Companies and Corporate Social Responsibility
- Index