Comments on 'Taxation of Intellectual Capital:' Better than Consumption-Tax Treatment?

7 Pages Posted: 27 Nov 2015 Last revised: 1 Dec 2015

See all articles by Karen C. Burke

Karen C. Burke

University of Florida Levin College of Law

Date Written: 2015

Abstract

In Taxation of Intellectual Capital, Professor Lily Kahng argues that U.S. tax law is fundamentally flawed because it allows businesses to “expense” investments in self-created intangibles. The article draws on research in related areas (knowledge management, financial accounting, and national accounting) that seeks to identify and measure “intellectual capital,” “a central driver of economic productivity and growth.” Within the framework of a normative income tax, Professor Kahng argues that businesses should be required to capitalize and amortize investments in a broad array of intangibles, including research and development, advertising, and employee-training expenses.

Suggested Citation

Burke, Karen C., Comments on 'Taxation of Intellectual Capital:' Better than Consumption-Tax Treatment? (2015). 66 Fla. L. Rev. F. 47 (2015), University of Florida Levin College of Law Research Paper No. 15-35, Available at SSRN: https://ssrn.com/abstract=2695521

Karen C. Burke (Contact Author)

University of Florida Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

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