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New Report Highlights the Threat IP Continues to Face Worldwide
04/27/2016 at 06:36 am - Michi Iljazi

OECD Member and Candidate Countries (courtesy wikimedia)

Yesterday was World Intellectual Property (IP) Day, which marked the importance of IP and its positive impact on the global economy.  The Taxpayers Protection Alliance (TPA) continues to be a staunch advocate of strengthening IP protections at home and abroad. TPA marked World IP Day by highlighting the widespread support for IP from countries all over in a 2015 coalition letter addressed to the World Intellectual Property Organization. However, as another World IP Day was marked by great examples of the strides being made to encourage innovation in the global market, it is important to recognize that threats to IP still exist and they must be dealt with in order to move toward a better climate for creativity. Recently, TPA wrote about how taxes and IP violations intersect, whether it’s through digital piracy or government mandated initiatives like plain packaging. Taxes are evaded when content is pirated, and that impacts businesses, consumers, and taxpayers. A new report from the Organisation for Economic Co‑operation and Development (OECD), titled Trade in Counterfeit and Pirated Goods, Mapping the Economic Impact, detailed some of the real problems creators and innovators face around the world in protecting their content. The report also shows the annual worldwide cost of IP.

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