🌐IMF: In our increasingly digital world🌐
In our increasingly dematerialized world intangible assets are transforming economies and driving growth. As a result, an increasing share of output, jobs, income and wealth is associated with firms where traditional tangible assets have been crowded out by intangible assets, such as marketing assets, data, and organizational capital. Yet macroeconomic accounting has lagged behind in valuing these forms of capital. What’s more, the mobility of intangible assets and firms’ strategies to minimize their worldwide taxes while maximizing overall profits implies growing tension between the nature and location of economic activity and its measurement system.
The 10th IMF Statistical Forum will explore how we can better measure intangible capital to better support investment policy, taxation policy and macroeconomic analysis.
Researchers, policymakers, statisticians, regulators and representatives from the private sector will come together to discuss:
Why is it important that we measure investment in intangible capital? What implications does the greater importance of intangibles have for tax, fiscal, and monetary policy?
What are the new forms of intangible capital that we need to consider when measuring economic activity?
How can we measure these forms of intangible capital, including the valuation of intangible assets, their depreciation, and their sale?
https://bit.ly/3CjVFzJ