royalties


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Royalty

A fee that one receives in exchange for allowing another party to use and profit from one's property. For example, a publisher who prints and sells a book must compensate the author for use of his/her intellectual property. Usually a royalty is a percentage of the revenue or profit that the other party (in this example, the publisher) makes.

royalties

payments made for the use of an INTELLECTUAL PROPERTY RIGHT (copyrights, patents etc.) or physical property rights (mineral extraction rights etc.).
References in periodicals archive ?
This is because such high marketing and production costs significantly reduce the net profit, which is the basis used to compute royalties paid to net profit participants
According to the Service, the royalties and advertising activities constitute business regularly carried on.
Co-publishing deals, however, are not the only means to get your songs published, collect royalties or administer your catalog.
Royalties, which nearly every other developed country charges, would add hundreds of millions of dollars to the federal treasury.
Royalties usually are subject to low tax rates and generally are included in the passive income basket.
taxable income the royalties accruing to P&G under the license agreement with AG.
Royalties,Guarantees & Advances: Understanding The Core Of Licensing Agreements
These are high value assets with publically-traded operators who know how to fully develop and monetize the potential of these wells," said Parker Hallam, President of Crude Royalties.
Thus, the City Tribunal concluded that, although the State Tribunal did find that the royalty transactions at issue in Sherwin-Williams lacked nontax business purpose and economic substance, the taxpayer in the State case failed to establish that its royalties were arm's length.
In respect of future licenses, it will provide a rationale for extracting the maximum amount of royalties based on the relative contribution theory underlying the arms-length return method (where, of course, comparables do not govern).
For more information on this and other activities of the Company, see the Breitling Royalties website at http://www.
The corporation paid rent, wages and royalties and sporadically filed Form 941, Employer's Quarterly Federal Tax Return, from 1996-1998.