Sat, 21 Oct 2006

Patents on Tax Reduction Strategies a Problem

Well, if you can't copyright the law, I suppose the next logical thing to try nowadays is to patent it! This is just absurd ...

The International Herald Tribune has an article about how some lawyers are realising that patents on tax reduction strategies (a business method) might be a problem. The article states that there are already 50 such patents with more on the way, and at least one lawsuit. Particularly worrying is the idea of needing a license to follow the law. Fortunately, some of the laws get that this is a problem. Tax patents, the lawyers wrote, amount to 'government-issued barbed wire' to keep some taxpayers from getting equal treatment under the tax code.

(link) [Slashdot]

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