Taxes: Patent that loophole

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Taxes: Patent that loophole
2006-08-31
The Internal Revenue Service has a surprising new enemy in the battle against abusive tax shelters: The United States Patent and Trademark Office. In recent years, the Patent Office has begun granting patents to people who claim to have invented novel ways of avoiding taxes. The trend is part of a larger explosion in the number of patents granted to financial firms for so-called "business method" innovations. .
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