Marketing intangible assets can lead to exit taxes
November 18, 2008
In France, the concept of marketing intangible assets has led the tax authorities to imposing taxes on companies. Jean-Luc Trucchi explains what is happening.
In the case of the transformation of a classic distributor’s contract into a commissionaire’s contract between a French subsidiary and her foreign parent company, the French tax authorities tend to consider that the royalties paid for the use of trademarks and sales promotions form an intangible marketing asset. This tendency leads to tax uncertainty.
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