Coller IP, which specialises in helping organisations manage all aspects of their intellectual property (IP) has formed an alliance with Transfer Pricing Associates, the leading independent provider of global transfer pricing and valuation services.
This new alliance will help to meet the growing demand among European-based multinationals for comprehensive global IP management and means that organisations will now be able to take advantage of expert help in this area, including guidance on IP management, valuation, the latest transfer pricing mechanisms and the options that exist for preferentially locating IP assets.
Many governments have adopted transfer pricing rules that apply in determining income taxes of multinationals. OECD Transfer Pricing Guidelines state, “Transfer prices are significant for both taxpayers and tax administrations because they determine in large part the income and expenses, and therefore taxable profits, of associated enterprises in different tax jurisdictions. Some jurisdictions now offer tax incentives when IP assets are owned and managed within that jurisdiction.
Intellectual Property generally represents between 40% – 80% of ‘value-add’ of multinational enterprises, therefore it is often attractive for these organisations to reduce their global effective tax rates by locating IP in a low tax or tax advantaged jurisdiction.
Jackie Maguire, CEO, Coller IP said, “This is a complex area but one that larger companies need to take into account in their business transactions. TPA has transfer pricing and valuation expertise and Coller IP have specialist skills in IP management and valuation. Together we can support the needs of multinationals wishing to synchronize their transfer pricing system with their business models in a tax and IP efficient manner. Our combined forces will allow us to provide expert advice and assistance to these organisations to ensure they are complying with the latest legal requirements. This partnership expands the services that we can offer, continuing our objective to provide a much needed one-stop shop for IP.”
For more information, please contact:
Jackie Maguire +44 870402 1616
jackie.maguire@collerip.com
Steef Huibregtse +31 20 462 3530
s.huibregtse@tpa-global.com