{"id":185165,"date":"2011-09-22T21:19:00","date_gmt":"2011-09-23T02:19:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/09\/22\/one-bright-side-to-the-new-patent-law\/"},"modified":"2011-09-22T21:19:00","modified_gmt":"2011-09-23T02:19:00","slug":"one-bright-side-to-the-new-patent-law","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/09\/22\/one-bright-side-to-the-new-patent-law\/","title":{"rendered":"One Bright Side to the New Patent Law"},"content":{"rendered":"<p>Tax avoidance strategies are <a href=\"http:\/\/www.forbes.com\/sites\/deborahljacobs\/2011\/09\/20\/no-more-patents-for-cute-tax-tricks-2\/\">no longer patentable<\/a>:<\/p>\n<blockquote style=\"color: blue;\"><p>Did you ever think the clever tax-saving strategy your financial advisor is offering up could be patented? <\/p>\n<p>For the past six years that question has been vigorously debated in  the courts, at Congressional hearings and at gatherings of estate  planners and other tax wonks. Congress finally put it to rest with a new  law that President Obama signed on Sept. 16.<\/p>\n<p>Under a provision in the far-reaching patent reform bill, it\u2019s no  longer possible to get a patent on a strategy for reducing, avoiding or  postponing taxes. (See Section 14 of the law, which downloads <a href=\"http:\/\/www.uspto.gov\/aia_implementation\/bills-112hr1249enr.pdf\">here <\/a>as  a pdf.) By the time the bill, known as the America Invents Act, was  signed into law, the U.S. Patent and Trademark Office had issued more  than 161 tax patents, and another 167 tax patent applications were  pending.<\/p><\/blockquote>\n<p>My preferred bill would have made it more difficult for patent trolls to get injunctions, and banned <b>all<\/b> business method patents, as well as patents on genes and software, but this is an improvement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax avoidance strategies are no longer patentable: Did you ever think the clever tax-saving strategy your financial advisor is offering up could be patented? For the past six years that question has been vigorously debated in the courts, at Congressional hearings and at gatherings of estate planners and other tax wonks. Congress finally put it &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1109,1191],"tags":[],"class_list":["post-185165","post","type-post","status-publish","format-standard","hentry","category-ip","category-patent"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185165"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185165"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185165\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}