Pre-packaged software: royalties or sale of goods?

Article Abstract:

The Organization for Economic Cooperation and Development has stated that payments for pre-packaged software should be considered income from the sale of goods and not royalties, but the IRS has not yet adopted this position. If such revenues are not royalties, payments to foreign licensors are not subject to withholdings taxes. US companies should withhold taxes until the IRS provides further guidance or should make arrangements under applicable tax treaties to obtain net income taxation.

Prepackaged software, Packaged Software, United States, Taxation, International trade, International aspects, Royalties, Royalties (Intellectual property), Withholding tax, international

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How an oil and gas company selected a software package

Article Abstract:

A case study is made of a company that buys a computer program in an effort to improve its accounting procedures. The firm experienced rapid growth and prosperity due to its automation of accounting procedures. The software procurement process is examined.

Purchasing, Economic aspects, Accounting, Automation, Accounting software

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How to Choose a Software Package for Your Business

Article Abstract:

Serious consideration is given to software packages from both the software house's and buyer's point of view. A checklist of questions for the buyer is included. Application problems of standard business systems are reviewed.

Software Packages, Industry Analysis, Microcomputer, Guidelines, Software Selection, Product selection, Criteria, Requirements Analysis

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