n Tax Breaks Newsletter - All eyes on intellectual property
|Article Title||All eyes on intellectual property|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Jul 2006|
Extracted from text ... SOUTH African companies that share know-how across borders with other group companies can no longer ignore the transfer pricing risk that this entails. This is because tax authorities worldwide are sharpening their focus on income generated by a multinational's intangible assets, with the percentage of audits involving these types of transactions having doubled from 14 per cent in 2003 to 28 per cent in 2005. Presenting recently on the latest Ernst & Young Global Transfer Pricing Survey, the firm's national tax partner, Sean Kruger, says it was, however, encouraging that the survey also found that companies are involving tax directors ..
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