In our podcast series, Embracing Disruption, senior IP Analyst Lynne Teo discusses key themes happening in innovation and tech
"Businesses who operate overseas, or have started to explore export market opportunities, have both great opportunities and challenges ahead of them."
She has also managed global transfer pricing documentation projects to meet the local requirements of a number of countries around the globe. Claire says organisations often overlook the impact transfer pricing has on their competitive advantage and risk profile “The benefits of sound transfer pricing policies which are well documented are not to be discounted – transfer pricing policies which align with the commercial needs of the organisation will contribute to its success”.
In a world of increasing regulation and scrutiny for multinationals, IP is an area of particular focus for tax authorities. The value of protecting your IP can be eroded if you are a multinational enterprise and don’t get your transfer pricing right.
Claire also prepares EMDG applications for Australian businesses exporting or looking to export their goods, services or intellectual property overseas. The EMDG program now allows export businesses that have valuable IP to claim the costs of overseas IP protection. Grants such as the EMDG can provide a huge boost to Australian businesses that are exporting, or a welcome cash injection for those Australian businesses only starting to develop their export markets.
Austrade Approved Export Market Development Grant Consultant