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Development, transfer, and evaluation of intangibles in taxation

Research Project

Project/Area Number 16530019
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Public law
Research InstitutionKyoto University

Principal Investigator

OKAMURA Tadao  Kyoto University, Graduate School of Law, Professor (30183768)

Project Period (FY) 2004 – 2006
Project Status Completed (Fiscal Year 2006)
Budget Amount *help
¥3,400,000 (Direct Cost: ¥3,400,000)
Fiscal Year 2006: ¥1,000,000 (Direct Cost: ¥1,000,000)
Fiscal Year 2005: ¥1,100,000 (Direct Cost: ¥1,100,000)
Fiscal Year 2004: ¥1,300,000 (Direct Cost: ¥1,300,000)
Keywordsintangibles / valuation / mark-to-market / reorganization / corporate inversion / stock-for-stock acquisition / anti-avoidance / incentives / 実現主義 / human capital / 組織再編税制 / M&A / エージェンシー・コスト / 課税繰延 / キャッシュ・フロー / 移転価格税制 / 所得源泉地 / 譲渡 / 株式評価 / ブランド会計 / 自己株式 / 種類株式 / みなし配当課税 / 資本等取引
Research Abstract

Although there are three basic approaches to the evaluation of intangibles in accounting, (1) estimated market value, (2) estimated future cash flow, and (3) actual cost to develop, they do not have enough reliability and verifiability for tax purposes. Thus, we have to establish tax system that works well without evaluating intangibles.
In order to reduce the needs for the evaluation of intangibles, tax-free reorganization should be expanded by permitting cash as consideration, and the requirement of the entity evaluation in stock for stock acquisition and in the beginning of consolidated return should be abolished. Although losses of a new consolidated member would be brought into a consolidated group, their deduction should be limited. The existing evaluation requirements in the corporate tax law are imperfect, because intangibles might not be covered, which causes tax avoidance or entrenchment on Japanese tax jurisdiction through corporate inversion transactions.
In taxable transactions, it is inevitable to tax intangibles traded in the transaction. Tax authorities have to make a decision on whether they accept the consideration for the intangibles that private parties negotiated. In that decision, the tax authorities should compare the incentives of private parties to earn more before tax profits and their incentives to reduce tax burden. If the former is larger than the latter, the tax authorities should accept the consideration.

Report

(4 results)
  • 2006 Annual Research Report   Final Research Report Summary
  • 2005 Annual Research Report
  • 2004 Annual Research Report
  • Research Products

    (12 results)

All 2008 2007 2006 2005 2004

All Journal Article (10 results) Book (2 results)

  • [Journal Article] 法人課税の基本問題と会社法制-資金拘束とインセンティブ-2008

    • Author(s)
      岡村 忠生
    • Journal Title

      税法学 559

      Pages: 69-105

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Capital Lock-In in the Corporations Law and Tax Incentives2008

    • Author(s)
      OKAMURA, Tadao
    • Journal Title

      Tax Jurisprudence No. 559

      Pages: 69-105

    • NAID

      40016101318

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] これからの移転価格税制2007

    • Author(s)
      岡村 忠生
    • Journal Title

      税務弘報 55 ・ 9

      Pages: 2-3

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Transfer pricing in the future2007

    • Author(s)
      OKAMURA, Tadao
    • Journal Title

      Zeimu Koho Vol. 55 No. 9

      Pages: 2-3

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] What do we mean by corporate taxation?2007

    • Author(s)
      OKAMURA, Tadao
    • Journal Title

      Kyoto Law Journal Vol.3 No.2

      Pages: 31-59

    • Related Report
      2006 Annual Research Report
  • [Journal Article] これからの移転価格税制2007

    • Author(s)
      岡村 忠生
    • Journal Title

      税務弘報 55・11

      Pages: 2-3

    • Related Report
      2006 Annual Research Report
  • [Journal Article] 収入金額に関する一考察2006

    • Author(s)
      岡村 忠生
    • Journal Title

      法学論叢 158・5=6

      Pages: 192-237

    • NAID

      40007210482

    • Related Report
      2006 Annual Research Report 2005 Annual Research Report
  • [Journal Article] M&A税制にどう向き合うか2006

    • Author(s)
      岡村 忠生
    • Journal Title

      マール 136

      Pages: 14-15

    • Related Report
      2006 Annual Research Report
  • [Journal Article] 租税回避行為の規制について2005

    • Author(s)
      岡村 忠生
    • Journal Title

      税法学 553

      Pages: 185-217

    • Related Report
      2005 Annual Research Report
  • [Journal Article] 自らの主導の下に通謀虚偽表示により遺産分割協議が成立した外形を作出し、相続税の申告をした相続人は、同協議の無効確認判決による特別の更正の講求をすることができないとされた事例2005

    • Author(s)
      岡村 忠生
    • Journal Title

      判例評論 551

      Pages: 172-181

    • Related Report
      2004 Annual Research Report
  • [Book] 新しい法人税法2007

    • Author(s)
      岡村忠生
    • Publisher
      有斐閣
    • Related Report
      2006 Annual Research Report
  • [Book] 法人税法講義2004

    • Author(s)
      岡村 忠生
    • Total Pages
      500
    • Publisher
      成文堂
    • Related Report
      2004 Annual Research Report

URL: 

Published: 2004-04-01   Modified: 2016-04-21  

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