Showing posts with label patent reform bills. Show all posts
Showing posts with label patent reform bills. Show all posts

Friday, August 12, 2011

Tax Patents: What's Good for the Goose May Not Be Good for the Gander

Kellie A. Lanford
In May, Chainbridge Software, Inc. (“Chainbridge”), a company based in Fairfax, Virginia, was granted a patent for a computer based method and system for use in determining tax avoidance by taxpayers. More specifically, this method and system is used to detect tax avoidance resulting from unreasonable pricing arrangements between related parties across state lines (“transfer pricing”). According to information provided in the patent: