Tuesday, 12 April 2016

Georgetown Conference: Taxation of Intellectual Property in the Global Economy

On Friday, March 11, Georgetown University sponsored a conference titled, “Taxation of Intellectual Property in the Global Economy.”  A description of the conference states:

The United States now lags behind its global competitors in tax incentives for research and development. In recent years, at least fourteen developed economies have adopted patent or innovation boxes, which provide a special low tax rate on business income that is derived from innovative activities. This development has sparked debate in the United States, and several recent U.S. tax reform proposals include a patent or innovation box. A discussion draft for a U.S. innovation box was released last year by Rep. Charles Boustany (R-LA) and Rep. Richard Neal (D-MA).

This conference brought together experts from a variety of backgrounds to share their perspectives on these important emerging issues in tax policy.

The panels included: “Taxation of Intellectual Property in the United States and Abroad”; “Effects of Taxation on Economic Activity: A Review of the Literature”; “New Evidence on the Impact of Patent Boxes”; and “Should the United States Implement a Patent Box.”  The following presentations are available: Paul W. Oosterhuis, Partner, Skadden, Arps, Slate, Meagher & Flom LLP, presentation Basic U.S. Multinational Tax Planning Strategies for Intellectual Property;  Lilian V. Faulhaber’s, Associate Professor of Law, Georgetown Law, presentation Taxation of Intellectual Property in the United States and Abroad; Sebastien Bradley’s, Assistant Professor of Economics, Drexel University, LeBow College of Business, presentation Effects of IP Taxation on Economic Activity: A Review of the Literature;and Eric Ohrn’s, Assistant Professor, Grinnell College, presentation International Royalty Flows and Research and Development Responses to IP Box Regimes.  The other panelists and moderators included: Alan J. Auerbach, Robert D. Burch Professor of Economics and Law & Director, Burch Center for Tax Policy and Public Finance, University of California, Berkeley; Mihir A. Desai (Moderator) Mizuho Financial Group Professor of Finance, Harvard Business School; James R. Hines, Jr. (Moderator) L. Hart Wright Collegiate Professor of Law & Co-Director of the Law and Economics Program, University of Michigan; Rosanne Altshuler (Commentator) Professor of Economics & Chair, Department of Economics, Rutgers University; Jason Furman, Chairman, Council of Economic Advisers; Michael J. Graetz (Moderator), Columbia Alumni Professor of Tax Law, Columbia Law School; Martin A. Sullivan, Chief Economist, Tax Analysts; and Itai Grinberg, Associate Professor of Law, Georgetown Law.

The Webcast of the conference (over three hours) is available here.  

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