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April 23, 2007
Tax Notes Examines Tax Strategy Patents, Reveals Huge Implications for Taxpayers and Government

Get the Full Coverage at Tax Analysts' Tax Patents Web Page


Falls Church, VA — Tax Notes, the leading source of federal tax news, provides blanket coverage this week of a development with huge implications for taxpayers and the government — that tax advisors are increasingly obtaining federal patents for strategies to cut their clients’ taxes.

Tax strategy patents could give a few individuals a virtual monopoly over some interpretations of the tax code, and they could force tax advisors to pay licensing fees to other advisories that might hold patents on certain strategies, Tax Notes writes in its April 23 issue.

Tax Notes, published by the nonprofit publisher Tax Analysts, examined the 53 published tax strategy patents issued by the U.S. Patent and Trademark Office (USPTO) and 85 other pending applications. The magazine found a series of weaknesses in USPTO’s method for assigning patents to tax strategies.

With its coverage of tax patent strategies, Tax Notes shines the light on an important and growing phenomenon in the tax world. To read it, click here.
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Tax Analysts is an influential provider of tax news and analysis for the global community. Over 150,000 tax professionals in law and accounting firms, corporations, and government agencies rely on Tax Analysts' federal, state, and international content daily. Key products include Tax Notes, Tax Notes Today, State Tax Notes, State Tax Today, Tax Notes International, and Worldwide Tax Daily. Founded in 1970 as a nonprofit organization, Tax Analysts has the industry's largest tax-dedicated correspondent staff, with more than 250 domestic and international correspondents. For more information, visit our home page.

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