TP Doctor: Dealing with intangibles and profit repatriation in China
March 09, 2011
Sophie Ashley - TPW
China poses a number of problems for taxpayers when evaluating the repatriation of profit in the case of intangible assets.
A trade mark with a high value in one jurisdiction could be, effectively, worthless in China for instance. Sebastien Gonnet of NERA Economic Consulting, in Beijing, acts as this week’s TP Doctor, sharing his clients’ frequently asked questions and his experience.
Client: Is there a limit to the level of intellectual property (IP) royalties, such as technology and trademarks, that a Chinese subsidiary can pay to its parent company abroad?
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