Tax by Industry: Media & Entertainment
Continued digitization of content along with widespread and creative structuring of licensing, cost sharing and buy-sell arrangements, may place your business under greater scrutiny of transfer pricing, customs and duties, and other taxes, both in the United States and elsewhere.
Effective management of your tax planning and compliance in these and other areas may offer opportunities for tax savings that you can reinvest in research, production facilities and marketing. In addition, these tax savings are continuing opportunities to pursue research and development tax credits around the world – especially if your company is involved in development of digital effects, digital distribution of intellectual property and specialized software.
In this environment, managing compliance while pursuing growth and competitive advantages means having an efficient, effective tax strategy and approach.
Backed by a multifaceted team of media and entertainment sector specialists, Deloitte Tax LLP can help. We can address your need for specialized tax and industry-specific knowledge and supplement your tax organization with ongoing planning and compliance support.
Tax implications of 4G technology
|Value-Added Tax (VAT) and the U.S. digital business
As consumers worldwide shift their media consumption from the tangible to the digital, they are taking their books, movies, and music with them on one device, and leaving behind a tangle of tax implications — particularly when it comes to VAT in European countries. Companies that are proactive on this issue should be prepared to outmaneuver their competitors in a quickly changing marketplace.