Bridging the divide: a special report on BEPS and IP

Businesses around the world are grappling with the long-term tax and transfer pricing implications of BEPS for intellectual property. This is a serious problem for companies where tax and IP teams have been working in silos.

The OECD’s BEPS project, which was launched in 2015, has created more tax compliance challenges for intellectual property. But some tax and IP professionals are discovering late in the game that they have to work together.

BEPS may be old news to many tax experts, but the project is still being rolled out in many countries and its full impact is now being felt outside tax departments. The time to bridge the divide between tax and IP teams is long overdue.

With exclusive insight from heads of tax and IP directors at multinational companies and law firms, this special report looks at how tax and IP professionals can:

· Close the gap between tax and IP teams;

· Meet the IP challenges of BEPS; and

· Prevent costly tax disputes.

Here, we have the two-part report plus a preview feature, by Special Projects Editor Josh White, and an opinion article by our Editor-in-Chief Ed Conlon:

· Preview: BEPS is catching out IP – not just tax – teams

· Bridging the divide, part one

· Bridging the divide, part two

· Bridging the divide, part three

ITR will continue to follow the impact of BEPS on IP, which is such a key area for taxpayers today.

This is the first of a series of special reports on the most important issues in international tax. If you want to stay ahead of the game, sign up for a free trial to ITR.