Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128624
Authors: 
Dudar, Olena
Voget, Johannes
Year of Publication: 
2016
Series/Report no.: 
ZEW Discussion Papers 16-015
Abstract: 
Numerous empirical studies have analysed the influence of corporate taxation on the location of intangible assets within a company group. However, the previous literature has rather focused on studying the impact of taxation on patent location choices assuming that these assets represent the rest of intangibles as well. This paper complements previous studies by estimating and comparing the tax elasticities of two different types of intangibles - patents and trademarks. We employ data on European and US patent and trademark applications in the period of 1996-2012 and estimate a multinomial logit model that incorporates various observed and unobserved factors of the intangible's location choice. According to our main findings, trademarks are more sensitive to changes in taxation as compared to patents. This implies that firms use trademarks more eagerly for tax planning purposes than patents.
Subjects: 
intangible assets
patent
trademark
tax planning
corporate taxation
JEL: 
H25
F23
H26
H3
Document Type: 
Working Paper

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