Paul L. Caron

Tuesday, October 31, 2006

NY Times: No Tax Patents

The New York Times today editoirializes against tax patents in Pay to Obey:

The broken American patent system has a knack for sanctioning the ridiculous. In the latest example, businesses are receiving patents for devising ways to obey the law — the tax code, to be more specific. What’s next, a patented murder defense? ...

Patents are supposed to encourage innovation, rewarding the individual for the greater good of society. But excessive or overly broad patents can slow business activity to the pace of cold molasses. And we sure don’t need something else to worry about on tax day.

Prior TaxProf Blog coverage:

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» Patenting tax strategies from Conglomerate
Paul Caron links to today's NYT editorial on patenting tax strategies. There were two great presentations on the topic at [Read More]

Tracked on Oct 31, 2006 2:57:28 PM