Abanet: Proposal to Prohibit Tax Planning Patents - S. 2369
Forum » Resources / News picks » Abanet: Proposal to Prohibit Tax Planning Patents - S. 2369
Started by: zoobabzoobab
Date: 07 Jan 2008 21:07
Number of posts: 1
rss icon RSS: New posts
Summary:
S. 2369 would amend Section 101 of Title 35 of the U.S. Code to prevent the grant of patents for any tax planning inventions. “Tax planning inventions” are defined in S. 2369 as “a plan, strategy, technique, scheme, process, or system that is designed to reduce, minimize, avoid, or defer, or has, when implemented, the effect of reducing, minimizing, avoiding, or deferring, a taxpayer’s tax liability or is designed to facilitate compliance with tax laws.” A tax planning invention does not include “tax preparation software and other tools or systems used solely to prepare tax or information returns.”
New Post