Sunday, February 27, 2011

US Patent Office To Outlaw Tax Avoidance Strategies?

US Senate wants to outlaw patenting “any strategy for reducing, avoiding or deferring” federal, state or local taxes.

Might US patent application fees in some way be considered a "tax"?  If so patent pending strategies including Matrix Patent Rights TM from Innovation Institute, LLC might be effected. Matrix Patent Rights are designed to reduce the page count for the largest known patent applications in electronics like "Genius Adaptive Design". While this is unlikely, who knows what the US Senate will further innovate America's intellectual property laws?

As most people know, US patent application fees more than cover US Patent & Trademark Office costs, and are used to cover the US budget deficit.

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