The Tax Treatment of Intangible Assets

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The Tax Treatment of Intangible Assets

Intangible assets, such as patents, trademarks, copyrights and goodwill, play a crucial role in today’s businesses. The tax treatment of these assets can be complex, but businesses need to understand the issues involved. Here are some answers to frequently asked questions. What Are Intangible Assets? The term “intangibles” covers many items. Determining whether an acquired or created asset or benefit is intangible isn’t always easy. Intangibles …

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The intangible assets of a company, such as business secrecy, employee knowledge, reputation, intellectual and industrial property and technology are one of the most valuable elements for companies in the business environment of the digital age. According to estimates, intangible assets represent 90% of the value of the US S&P 500 stock market index. Also, digital transformation faces emerging risks, such as cybersecurity and data protection. Gi…