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American Institute of Certified Public Accountants
AICPA Applauds Introduction of Bill by Representative Boucher and Representative Goodlatte to Prohibit Tax Strategy Patents
June 6th, 2009
The American Institute of Certified Public Accountants applauded Representative Rick Boucher, a Democrat from Virginia, and Representative Bob Goodlatte, a Virginia Republican, for introducing legislation that would prohibit patents on tax planning methods. "We need this bill so that U.S. tax laws will be applied equally to all taxpayers," AICPA President and CEO Barry Melancon said. "Tax strategies that are patented by the U.S. Patent and Trademark Office can only be used by some taxpayers. That's not fair and not how Congress intended the tax laws to be administered." He said the 77 tax strategy patents that have been approved and the 129 that are...
Source: Law & Health Weekly (2009-06-06)
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