IDENTIFICATION AND EVALUATION OF INTANGIBLE ASSETS IN THE DIGITAL ECONOMY

2016 ◽  
Author(s):  
Natalia Skorobogatova ◽  
Keyword(s):  
Intangible Assets ◽  
Digital Economy

The Theoretical Platform of the Digital Economy

Vestnik NSUEM ◽  
2021 ◽  
pp. 114-124
Author(s):  
Yu G. Shvetsov
Keyword(s):  
Intangible Assets ◽  
Practical Experience ◽  
Digital Economy ◽  
Russian Society ◽  
Electronic Money ◽  
Financial Instrument ◽  
Leading Role ◽  
Commodity Money

The article discusses the basic provisions of the theory of the digital economy, synthesizing the practical experience of its formation in Russian society. The new content of commodity-money relations, the leading role of intangible assets in it, the objective nature of the monopoly of electronic money, which have lost a number of its specific functions, and the transformation of monetary institutions into multi-disciplinary financial concerns are substantiated. It is proved the need to exclude individuals from the sphere of taxation and its focus on the fiscal accounting of intellectual, digital property and capital, to turn the budget into a financial instrument of redistribution of gross public product in favor of non-working citizens. The concept of a two-tier economy is introduced, in which the class of intermediaries parasitizing on its achievements is gradually eliminated.

Digitalization of Business Processes of Industries As a Factor in Increasing the Return of Human Capital

2019 ◽  
Vol 7 (1) ◽  
pp. 53-57
Author(s):  
Елена Ширинкина ◽  
Elena Shirinkina
Keyword(s):  
Human Capital ◽  
Human Resources ◽  
Special Form ◽  
Business Processes ◽  
Intangible Assets ◽  
Digital Economy ◽  
Key Points ◽  
Practical Research ◽  
Qualitative Changes

The article analyzes the indicators of the development of the digital economy, identifies qualitative changes in the management of enterprises in the digitalization paradigm. The relevance of this study is due to the fact that these processes have been the focus of theoretical and practical research for several decades. This study allows to review the role of human resources in the activities of the enterprise. The author notes that in the paradigm of digitalization of business processes of industries, the idea of the existence of intangible assets, as a special form of the manifestation of human capital, comes to the fore. The key points and conclusions can be used by enterprises to form a strategy for managing human capital in the direction of increasing the level of digitalization.

scholarly journals Value Added Tax on Cross-Border Digital Supplies: The Kenyan Approach under the Finance Act 2019

2021 ◽  
Vol 1 (1) ◽  
pp. 37-62
Author(s):  
Abdullahi Ali
Keyword(s):  
Value Creation ◽  
Intangible Assets ◽  
Value Added ◽  
Digital Economy ◽  
Value Added Tax ◽  
Cross Border ◽  
Tax Assessment ◽  
The World ◽  
The Way

Advancements in the global digital economy have resulted in high levels of profitability for enterprises operating within it. The digital economy is particularly challenging for tax authorities the world over, as it is characterised by an unparalleled reliance on intangible assets and a difficulty in determining the jurisdiction in which value creation occurs. It is against this backdrop that Kenya enacted the Finance Act 2019, that had amongst its objectives, the effective taxation on the consumption of cross-border digital supplies. The amendments are largely targeted at the taxation of imported digital supplies from foreign jurisdictions to final consumers in Kenya. They place the responsibility of tax assessment and remittance to the consumer of the service. This move presents a critical departure from the previous regime where the responsibility of Value Added Tax (VAT) assessment and remittance fell on the firms supplying the service squarely. This paper critically assesses the practical efficacy and inherent weaknesses arising from the potential implementation of the proposed amendments under the VAT Act and provides recommendations on the way forward.

scholarly journals Taxing a Digital Economy: Exploring Intangible Assets to Broaden Revenue Base in Kenya

2019 ◽  
Vol 4 (1) ◽  
pp. 103-133
Author(s):  
Justice Gatuyu
Keyword(s):  
Business Models ◽  
Intangible Assets ◽  
Transfer Pricing ◽  
Tax Avoidance ◽  
Digital Economy ◽  
Service Economy ◽  
Digital Evolution ◽  
Border Trade ◽  
Brick And Mortar ◽  
Area Of Concern

The world economy has shifted from brick and mortar industries to a knowledge and service economy. In the age of digital evolution, intangible assets have become the new drivers of corporate profit and restructured business models of leading firms. Creators of these assets look forward to monetising and making gains from them. Equally, governments expect to extract revenues by way of taxation. As cross-border trade broadens with the rise of globalisation, intangible assets have increasingly become an area of concern in relation to tax avoidance schemes especially by global firms. In Kenya, appreciation of intangible assets has been rising. This study surveys the prospects of expanding Kenya’s revenue base by tapping intangible assets. The digital economy in Kenya is generally inadequately regulated. This leaves tax loopholes which this study explores in order to identify where revenue can be imposed. In order to make recommendations, the study equally focuses on accounting, valuation, and transfer pricing of intangible assets for tax purposes. To this extent, numerous reforms are necessary to ensure that the taxation of intangibles is optimal and does not distort the rise of a digital economy.

scholarly journals PROTECTION OF INTELLECTUAL PROPERTY RIGHTS IN THE GLOBAL PROCESSES OF THE DIGITAL ECONOMY DEVELOPMENT

2019 ◽  
Vol 2019 (6) ◽  
pp. 79-90
Author(s):  
Volodymyr KHAUSTOV ◽  
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Intangible Assets ◽  
Value Added ◽  
Business Environment ◽  
Digital Economy ◽  
Intellectual Property Protection ◽  
Moral Rights ◽  
Industrial Property ◽  
Global Competitiveness

It is shown that the level of development of digital technologies plays a decisive role in the competitiveness of both individual countries and individual regions. Along with the developed countries, the countries of South-East Asia have also become the leaders in the creation and implementation of the ICT. It is justified that the transition to a digital economy is considered as the driving force of innovation-oriented economic growth, provided favorable conditions for the institutional and business environment, the transformation of intellectual property protection systems, and integration to the global value added chains are created. In such chains, the better off companies and countries are those who possess significant resources in the form of intangible assets. The development of digital economy is impossible without creating a “solid analogue foundation”, including a regulatory framework, a strong human capital, and special institutions of electronic governance. The modern trends of the legal relations transformations in the field of intellectual property protection, as well as the structuring of objects and subjects of industrial property rights, copyright and related rights are systematized. It is pointed out that the current tendencies include both strengthening protection of personal non-property (moral) rights of the creators of intellectual property, and further commercialization of property (economic) rights. At the state level, it is necessary to ensure a balance between the protection of copyright and the priority areas of government policy in education, research, innovation, etc. Ukraine is not an active participant in the global value added chains, despite the potential available. The results of analysis of the Global Competitiveness Index components have revealed the strengths and weaknesses of Ukraine, in particular: comparatively high rankings and valuations of intangible assets directly related to digitalization, and, at the same time, dangerously low rankings in the assessment of institutional environment, macroeconomic stability and financial system. The key strategy for increasing Ukraine’s global competitiveness should be country’s “digitalization”, creation of domestic ICT market, and integration to the global value added chains.

Theory of digital economy

2021 ◽  
pp. 6
Author(s):  
Yu. Shevtsov
Keyword(s):  
Intangible Assets ◽  
Practical Experience ◽  
Digital Economy ◽  
Russian Society ◽  
Electronic Money ◽  
Financial Instrument ◽  
Leading Role ◽  
Commodity Money

The article discusses the basic provisions of the theory of the digital economy, synthesizing the practical experience of its formation in Russian society. The new content of commodity-money relations, the leading role of intangible assets in it, the objective nature of the monopoly of electronic money (the latter having lost a number of its specific functions), and the transformation of monetary institutions into diversified financial concerns are considered.  The author substantiates the need to exclude individuals from taxation and to focus it on the fiscal accounting of intellectual, digital property and capital, in order to turn the budget into a financial instrument of redistribution of gross public product in favor of the disadvantaged. The concept of a two-tier economy is introduced, in which the class of intermediaries parasitizing on societal achievements is gradually eliminated.

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