The Effect of Taxes on Royalties and the Migration of Intangible Assets Abroad

Migration of intangible assets from the United States to foreign countries has become easier due to the ability of U.S. firms to create hybrid entities in their affiliates abroad and to reach favorable cost sharing agreements with them. This strategy was particularly encouraged by the U.S. adoption

无形资产（intangible assets）从美国向海外各国的转移愈发便捷，这得益于美国企业能够在其海外关联机构（affiliates abroad）中设立混合实体（hybrid entities），并与之达成优惠的成本分摊协议（cost sharing agreements）。该战略尤其因美国的相关采纳举措而备受鼓励。