Digitalization, IPRs and tax innovation

Abstract

ABSTRACT The emerging globalization policies are underlining the key importance of international and supranational regulations and standards. Digitalization has reframed the free circulation of intangible assets such as intellectual property rights (IPRs) on a global scale, technologically speeding up what the legal norms sometimes had not considered yet. Digitalization has dramatically helped to improve the linkage between production, distribution and their location, as virtual venues have also become virtual markets. Innovative digitalization and innovation and taxation policies are strongly interconnected. In this scenario, the emerging role of the EU as a connector not only among itself, but also with Canada, Japan and eventually Mercosur is a key piece of evidence that borders become weaker as long as digitalization evolves. It is clear that digitalization leads to a paradox for tax, business and wealth evolution system: the more digitalization, the more horizontalization of tax law and a speed up in verticalization from international to supranational can be seen. And this is the next turbulent challenge before us.