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PATENTING OF TAX STRATEGIES RAISES MAJOR POLICY CONCERNS
The Treasury Department expressed major concerns over the issue of patenting of tax strategies. Regulating the practice on the tax side remains difficult because the ultimate authority to grant these patents rests with the U.S. Patent Office. That office has tended to be unreceptive to the idea that patents should not be granted because of their potential impact on the tax system or on revenues. The Patent Office position is that this is just another business method and the Treasury Department should “get over it”.
AND This.
IRS FACES TIGHT BUDGET—EVERSON CALLS FOR GREATER ENFORCEMENT
IRS Commissioner Mark Everson said the agency’s budget situation puts it on a tightrope as it tries to cope with last-minute extensions of tax breaks, new refunds on the telephone excise tax, and a first time program to let taxpayers split their refunds into more than one account. He said there is no margin for error. Everson said that closing the tax gap will be the major focus of the IRS in 2007. Compliance and more audits are the name of the game.
PATENTING OF TAX STRATEGIES RAISES MAJOR POLICY CONCERNS
The Treasury Department expressed major concerns over the issue of patenting of tax strategies. Regulating the practice on the tax side remains difficult because the ultimate authority to grant these patents rests with the U.S. Patent Office. That office has tended to be unreceptive to the idea that patents should not be granted because of their potential impact on the tax system or on revenues. The Patent Office position is that this is just another business method and the Treasury Department should “get over it”.
AND This.
IRS FACES TIGHT BUDGET—EVERSON CALLS FOR GREATER ENFORCEMENT
IRS Commissioner Mark Everson said the agency’s budget situation puts it on a tightrope as it tries to cope with last-minute extensions of tax breaks, new refunds on the telephone excise tax, and a first time program to let taxpayers split their refunds into more than one account. He said there is no margin for error. Everson said that closing the tax gap will be the major focus of the IRS in 2007. Compliance and more audits are the name of the game.
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