THE PROBLEMS OF TAXATION OF INTELLECTUAL PROPERTY

Аннотация

Intellectual Property (IP) has become one of the most valuable assets in the modern global economy. It encompasses a broad range of creations and innovations such as patents, trademarks, copyrights, and trade secrets, which form the cornerstone of industries ranging from technology to entertainment, pharmaceuticals, and beyond. With the growing significance of IP in fostering innovation and driving economic growth, it has also become a complex area of concern for policymakers and tax authorities. The taxation of intellectual property raises a variety of issues due to its intangible nature, global mobility, and unique value characteristics. As businesses and individuals increasingly rely on IP to generate revenue and wealth, governments face mounting challenges in capturing the value generated by IP through taxation in a fair and effective manner.