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Patent box regimes: Evaluation of ex post tax incentives effects on innovating activity
Název práce v češtině: Patent boxy: Srovnání vlivu ex post daňových zvýhodění na inovace
Název v anglickém jazyce: Patent box regimes: Evaluation of ex post tax incentives effects on innovating activity
Klíčová slova: IP-box režim patenty nehmotná aktiva PATSTAT BEPS OECD přelévání zisku do zahraničí daň z příjmu právnických osob věda a výzkum inovace
Klíčová slova anglicky: IP-box regime intangible asset patent PATSTAT BEPS OECD profit shifting corporate income tax R&D innovation
Akademický rok vypsání: 2017/2018
Typ práce: bakalářská práce
Jazyk práce: angličtina
Ústav: Institut ekonomických studií (23-IES)
Vedoucí / školitel: doc. Petr Janský, M.Sc., Ph.D.
Řešitel: Bc. Markéta Červená - zadáno vedoucím/školitelem
Datum přihlášení: 12.06.2018
Datum zadání: 12.06.2018
Datum a čas obhajoby: 10.09.2019 09:00
Místo konání obhajoby: Opletalova - Opletalova 26, O105, Opletalova - místn. č. 105
Datum odevzdání elektronické podoby:17.07.2019
Datum proběhlé obhajoby: 10.09.2019
Oponenti: Mgr. Milan Frydrych
Kontrola URKUND:
Zásady pro vypracování
Research question and motivation
The common denominator of existing research in the field intellectual property and corporate taxation is the consensus on substantial growth of importance of intellectual property not just as a factor of production, but also as a tool of profit shifting. The existing literature is mostly focusing on the quantity of intangible assets located within a jurisdiction or on indirect evidence of profit shifting on the national level.
Namely, Karkinsky and Riedel (2012) analyze the impact of tax policy on the number of patent applications and intangible assets in general, Griffith, Miller and O’Connell (2014) attempt to build empirical background for ex ante analysis of responsiveness of multinational companies intellectual property legal location subjected to a change in effective tax rate, Hines and Rice (1994) bring evidence that profitability of investments in tax havens is extraordinary, which indirectly proves the profit shifting and Grubert and Mutti (2009) describe the disproportion of royalty income as a component of national income which is heavily attracted to low tax jurisdictions.
Moreover, there are also few studies that rely more on the quality of intangible assets located within a jurisdiction, rather than to their quantity. For example, Dudar, Spengel, Voget (2015) discuss the role of tax policy as a determinant of the mutual royalty flows on bilateral level. They emphasize, that the number of shifted intangible assets is not the perfect indicator of the magnitude of profit shifting due to diverse quality (value) of the IP assets.
In my thesis, I will stick to their approach and focus on the royalty payment yields per in-force IP asset, which can be understood as a measure of quality of such the asset. The aim of my research is to find a correlation between the tax policy (effective tax rate on corporate profits from intellectual property) and the royalty inflows relative to number of in-force registered patents, trademarks, etc. I will also attempt to study its time dynamics, in order to find whether the regulation of royalties is, next to the delocalization of intangible assets also a relevant tool of tax planning despite the regulatory framework (transfer pricing constrains).

As I aready described in the previous section, my study is attempting to be an extention of existing research (Dudar, Spengel, Voge, 2015)by focusing on the royalties flow per patent, trademark, utility design or industrial design ranther than on the number of IP asssets located within a country. I suggest that this peice of information could be usefull to complete the image and understand the tax planning behavior of multinational companies, which is crucial for a successfull design and adoption of an efficient regulatory approach.

The aim of my study is to use basic tools of econometrics to analyze cross sectional national level data in the first step (To study the possible correlation between taxation of royalties and royalty inflow per IP asset) and then, I will attempt to analzye the extended national level panel data (in order to discover the phenomena’s dynamics). The data I‘m going to use is public, published by International Monetary Fund, Balance of Payments Statistics (per country inflows from charges for intellectual property), WIPO statistics database (World Intellectual Property Organization’s panel data including yearly per country in-force intellectual properties). There is also a possibility to include a case study based on company’s financial statements or company level data.

Expected outline of the thesis
Intriduction to the topic
Description of profit shifting methods
Existing regulation and implications (transfer pricing, issues)
Empirical study
Data and sources
Cross sectional
Data description, definition
Interpretation, discussion, comparison with existing research
(Panel data)
Data description, definition
Interpretation, discussion, comparison with existing research

Overall interpretation of results
(A case study)
Seznam odborné literatury
Griffith R., Miller H., and O’Connell M. (2014), Ownership of Intellectual Property and Corporate
Taxation, Journal of Public Economics, vol. 112, 12-23

Dudar, Olena and Spengel, Christoph and Voget, Johannes, The Impact of Taxes on Bilateral Royalty Flows (July 1, 2015). ZEW - Centre for European Economic Research Discussion Paper No. 15-052.

Richter, Wolfram F., Taxing Intellectual Property in the Global Economy: A Plea for Regulated and Internationally Coordinated Profit Splitting (July 13, 2017). CESifo Working Paper Series No. 6564.

Puls M., Ditz X. (2010), Comment on the OECD Discussion on Transfer Pricing Aspects and Intangibles, (reaction on OECD Invitation to Comment Transfer Pricing Issues on Intangibles)

Lohse, T. and Riedel, N. (2012), Do Transfer Pricing Laws Limit International Income Shifting?
Evidence from European Multinationals, CESifo Working Paper Series No. 4404.

Dhammika, D 2014, 'What Do We Know About Base Erosion and Profit Shifting? A Review of the Empirical Literature', Cesifo Working Paper Series, RePEc, EBSCOhost
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