[Pen-l] intellectual property & taxes

[michael perelman <michael@xxxxxxxxxxxxxxxxx>]

I do not have a copy, but it seems very interesting.

Lipsey, Robert E. 2008. "Measuring the Location of Production in a World 
of Intangible Productive Assets, FDI, and Intrafirm Trade." NBER Working 
Paper No. 14121 (June).

"As production comes to depend more on intangible productive assets, the 
location of production by multinational firms becomes increasingly 
ambiguous. The reason is that, within the firm, these assets have no 
clear geographical location, but only a nominal location determined by 
the firm's tax or legal strategies. The effects of these location 
ambiguities, and the resulting distortions for tax reasons of the 
location of production, are described and it is estimated that for U.S. 
firms' affiliates in a few tax havens alone, the exaggeration of value 
added in those locations amounted, in 2005, to about 4 percent of 
worldwide affiliate sales, and the exaggeration of sales to about 10 
percent of worldwide affiliate sales."

--
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
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