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TMCNet:  Bloomberg BNA Conference Brings International Intellectual Property Tax Planning to San Francisco

[February 27, 2012]

Bloomberg BNA Conference Brings International Intellectual Property Tax Planning to San Francisco

ARLINGTON, Va., Feb. 27, 2012 /PRNewswire via COMTEX/ -- Google Inc., Facebook Inc., and Microsoft Corp. have been making news, not just for their products, but for the tax strategies they have developed: in the last three years alone, Google Inc. has cut its taxes by $3.1 billion. On March 19-20 in San Francisco, Bloomberg BNA | Cite will host a U.S. Taxation of Intellectual Property conference dedicated to helping multinational companies understand the increasing importance of Intellectual Property (IP) related tax issues and the tax planning strategies that can lower their effective tax rate while maximizing the full value of their IP assets.

(Logo: http://photos.prnewswire.com/prnh/20120110/DC33627LOGO ) "Managing the tax issues and transactional consequences relating to intellectual property assets is a critical part of realizing a company's full IP potential," notes Robert Ross, Program Director at Bloomberg BNA | Cite. "Companies must understand how and why IP planning optimizes their effective tax rate, what IP and intangible assets are and how they are different, and how to integrate IP/IA planning with global tax planning." Attendees will learn from top domestic and international tax and legal experts how to identify critical and overlapping IP and tax considerations, strategize the legal relationship between parent and foreign IP owning sub, and recover lost profits when IP ownership is separated from sales. In addition, they will learn how to improve communications to avoid problems between tax and IP departments.

The conference will also address the financial accounting aspects of software and intangibles, identifying FAS 109 impacts of method differences, APB 23 decisions regarding reinvestment, Fin 48 reserve decisions, FAS-141 business combination considerations, and FAS-142 goodwill and other intangible assets rules.

Various sessions--intended for corporate tax counsel, international tax executives and managers, IP and licensing executives, CPAs and accountants, executives of companies with strong IP assets, and service providers to the IP industry--will address the increasing importance of IP-related tax issues, internal IP restructuring and the migration of IP offshore, and corporate tax and IP considerations. Sessions will also cover IP licensing and Sec. 482 transfer pricing issues; special tax planning considerations for software, mergers, acquisitions and dispositions involving IP assets; cost sharing; IP tax consequences when structuring joint ventures; and handling IP tax controversies.

By attending the two-day conference, attendees will: Devise tax planning techniques to maximize the value and potential of intellectual property assets Understand the increasing importance of IP-related tax issues Benefit from internal IP restructuring and migration of IP offshore Utilize beneficial transfer pricing strategies in relation to IP licensing Structure tax planning strategies for software, licensing IP to JVs and M&A tax planning in regard to IP assets Understand the latest IRS cost-sharing regulations and ways to deal with challenges to contract manufacturing Deal effectively with IP tax controversies Determine the role of valuation techniques in regard to IP assets Network with other professionals to improve tax strategies and maximize benefits from intellectual property assets The U.S. Taxation of Intellectual Property will take place at the Marriott Union Square in San Francisco, CA. To register, go to www.bna.com or call (914) 328.5656 for further information on special rates.

About Bloomberg BNA Bloomberg BNA, a wholly-owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance - the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans the full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety. www.bna.com SOURCE Bloomberg BNA

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