Here is the synopsis of our sample research paper on Patents and Tax Avoidance Processes in the US. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4 page paper looks at whether a tax avoidance can be patented under US patent law as a business process, and discusses whether not this is ethical and whether or not is should be allowed. The bibliography cites 4 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEUSTaxpat.rtf
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Unformatted sample text from the term paper:
registered (Hunt, 2008). In considering if tax avoidance schemes can and should be patented we will ignore the issues of the uniqueness and non-obviousness, as these are required for any
patent to be granted. However, if there is a method that is serving to help individual avoid paying tax there may be both validity questions as well as ethical issues.
The first stage is to define a patent. This is a "privilege granted to the first inventor of an invention" (Ivamy, 2000). This serves to give the inventor the
sole rights over the invention they have developed so that they can profit from that invention. The grant of the patent prevents other using the same invention, however there is
not the prevention of competitors or others ability to look at the invention and the patent. Therefore, the first aspect may be seen as a reward given to the patent
holder for sharing information (Bainbridge, 2002). This may be seen as the least favourable aspect as far as the current commercial environment is concerned, with the desire to protect information
as much as possible. However, with reverse engineering the systems could be analysed anyway. Therefore, the second reason may be seen as the most relevant for today. The second
reason is to encourage the development of new and useful inventions. This means that the ability to protect it for a set period of time within which it may be
exploited will result in an incentive to be more creative. This will also act as a stimulate to the economy, as the development of new product increased the supply and
demand overall in an economy and may also produce goods for export and the creation of value. To undertake the costly research and
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