New trends in intellectual property and tax burden of innovative corporations

Abstract

Intellectual property is an important tool that helps to improve the competitive position of companies on the market. The government makes an effort to promote the protection of intellectual property in the Czech Republic; the current system of legal protection is in accordance with EU law and many agreements, which are related to this problem, are signed. This year a new form of patent so called the Single European Patent was approved and it should help to motivate the innovative companies to protect their intellectual property. The main aim of this paper is to evaluate the tax burden of innovative corporations focusing on the tax benefits that are related to income incurred by intellectual property. Secondary aim is to present the issue of intellectual property protection (definition and current legal system).