While having one single state as the domicile of intangible property makes sense from the perspective of U.C.
To the contrary, considering the inherently transient nature of intangible property and the practical difficulties in running down creditor-dodging debtors who are unwilling to voluntarily pay their debts, creditors should be given the widest possible latitude to select their forums and shop law so as to satisfy the debts owed to them.
Generally, royalty income which is paid for the right to use intangible property (such as a likeness) is sourced where the property is used or is granted the privilege of being used.
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The parent signs a contract giving European rights to its intangible property to the new company.
The parent signs a contract giving European rights to its intangible property to the new company in exchange for marketing help in Europe.
R.5: The element is inscribed as an Important Intangible Folk Cultural Property on the national inventory maintained by the Agency for Cultural Affairs.
Alternatively, the proposal would tax certain intangible property related income on a current basis at a rate of 15%, whether derived directly by a U.S. corporation or by a foreign subsidiary.
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"There are the intangible benefits of owning and managing property from a student standpoint, " he says.
In the 21st Century economy, intangible assets like intellectual property comprise an increasing percentage of corporate valuation, making it imperative that these assets are protected in any new trade deal.
Now more than ever, intangible capital (such as intellectual property and brands) rather than physical capital separates the winners from the rest.
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