Back to INCOME TAX BLOG ListPatents on Tax Related Ideas Stir Worry
Pressure is mounting on Congress to restrict government issuance of patents for tax-planning strategies, writes the Journal’s Tom Herman in Tax Report. Recently, influential groups of accountants and lawyers have stepped up efforts to limit or ban patents on tax-related ideas. The American Institute of Certified Public Accountants, which represents about 330,000 members, wrote leaders of [...] Source:
http://blogs.wsj.com/tax Some tax deductions are aimed at individuals; many are directed to businesses. The complicated maze of tax deductions that Congress has instituted over the past 70 years has contributed to the view that the tax code in the United States needs to be completely redone in a simpler fashion. |