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	<title>Patent An Idea &#124; Patent Bar Exam &#124; Patent Number Search</title>
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		<title>Patent Law Firms &#8211; Patent Law Firms: Cms Cameron Mckenna, Bird</title>
		<link>http://www.allpatentinfo.com/patent-law-firms-patent-law-firms-cms-cameron-mckenna-bird.html</link>
		<comments>http://www.allpatentinfo.com/patent-law-firms-patent-law-firms-cms-cameron-mckenna-bird.html#comments</comments>
		<pubDate>Sat, 04 Sep 2010 03:05:51 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Patent Law Firms]]></category>
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		<category><![CDATA[Cameron]]></category>
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		<description><![CDATA[patent law firms &#8211; Patent Law Firms: Cms Cameron Mckenna, Bird patent law firms &#8211; Purchase includes free access to book updates online and a free trial membership in the publisher&#8217;s book club where you can select from more than a million books without charge. Chapters: Cms Cameron Mckenna, Bird&#8230;Read More $ 19.99 User Question [...]]]></description>
			<content:encoded><![CDATA[<h2>patent law firms &#8211; Patent Law Firms: Cms Cameron Mckenna, Bird</h2>
<p><b>patent law firms</b> &#<u></u>8211; Purchase includes free access to book updates online and a free trial membership in the publisher&#8217;s book club where you can select from more than a million books without charge. Chapters: Cms Cameron Mckenna, Bird&#8230;<a href="http://www.amazon.com/Patent-Law-Firms-Cameron-Mckenna/dp/1155238435%3FSubscriptionId%3DAKIAJDWU3NPUXO55NZSA%26tag%3Dthsehotolowei-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D1155238435" title="patent law firms Patent Law Firms: Cms Cameron Mckenna, Bird"/>Read More</a></p>
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<p>
$ 19.99</p>
<p></p>
<p>User Question About <i>patent law firms</i> :<br />
I am looking to relocate to the west coast and am investigating Seattle and various California cities. I am a registered patent agent (4 yrs ago) with a BS in biochemistry, and a very strong background in sequence listings and sequence searching. I have worked for an international bioinformatics company. I am currently working as an IP legal assistant for attorneys for a large Boston law firm and thus am quite familiar with patent prosecution. I am looking to do patent work such as sequence listings, sequence searching, sequence analysis, patentability searches (have done those), and patent prosecution.</p>
<p>I am aware Seed is a top firm in this regard.</p>
<p></p>
<p>				<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/8_gAUYH_R8Q?fs=1"></param><param name="allowFullScreen" value="true"></param>
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		<title>Patent Application Search &#8211; Grant Procedure Before the European Patent Office: Ex parte, Patent application, Search report, Patent, European Patent Convention, European Patent Organisation, Legal fiction</title>
		<link>http://www.allpatentinfo.com/patent-application-search-grant-procedure-before-the-european-patent-office-ex-parte-patent-application-search-report-patent-european-patent-convention-european-patent-organisation-legal-fict.html</link>
		<comments>http://www.allpatentinfo.com/patent-application-search-grant-procedure-before-the-european-patent-office-ex-parte-patent-application-search-report-patent-european-patent-convention-european-patent-organisation-legal-fict.html#comments</comments>
		<pubDate>Sat, 04 Sep 2010 03:05:49 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Patent Application Search]]></category>
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		<description><![CDATA[patent application search &#8211; Grant Procedure Before the European Patent Office: Ex parte, Patent application, Search report, Patent, European Patent Convention, European Patent Organisation, Legal fiction patent application search &#8211; High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! The grant procedure before the European Patent Office (EPO) is an ex parte, [...]]]></description>
			<content:encoded><![CDATA[<h2>patent application search &#8211; Grant Procedure Before the European Patent Office: Ex parte, Patent application, Search report, Patent, European Patent Convention, European Patent Organisation, Legal fiction</h2>
<div align="center"><img src="http://ecx.images-amazon.com/images/I/41K6wGoObeL.jpg" alt="patent application search" /></div>
<p>
<b>patent application search</b> &#<u></u>8211; High Quality Content by WIKIPEDIA articles! High Quality Content by WIKIPEDIA articles! The grant procedure before the European Patent Office (EPO) is an ex parte, administrative procedure, which includes the filing of a European patent applications, the examination of formalities, the establishment of a search report, the publication of the application, its substantive examination, and the grant of a patent, or the refusal of the application, in accordance with the legal provisions of the Europ&#8230;<a href="http://www.amazon.com/Procedure-Before-European-Patent-Office/dp/6130244207%3FSubscriptionId%3DAKIAJDWU3NPUXO55NZSA%26tag%3Dthsehotolowei-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D6130244207" title="patent application search Grant Procedure Before the European Patent Office: Ex parte, Patent application, Search report, Patent, European Patent Convention, European Patent Organisation, Legal fiction"/>Read More</a></p>
<p>$ 40.00</p>
<p>User Question About <i>patent application search</i> :<br />
I&#8217;m interested in getting a patent agent or attorney to file a patent for me.   I invented something and now I am creating a budget to get this to the market.</p>
<p>Has anyone done this and had success with filing a patent?</p>
<p>Can I file it myself?</p>
<p>Thanks for your answers.</p>
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		<title>Patent Cost &#8211; Patents Getting One: A Cost Cutting Primer for Inventors</title>
		<link>http://www.allpatentinfo.com/patent-cost-patents-getting-one-a-cost-cutting-primer-for-inventors.html</link>
		<comments>http://www.allpatentinfo.com/patent-cost-patents-getting-one-a-cost-cutting-primer-for-inventors.html#comments</comments>
		<pubDate>Sat, 04 Sep 2010 03:05:47 +0000</pubDate>
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				<category><![CDATA[Patent Cost]]></category>
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		<description><![CDATA[patent cost &#8211; Patents Getting One: A Cost Cutting Primer for Inventors patent cost &#8211; &#8230;Read More]]></description>
			<content:encoded><![CDATA[<h2>patent cost &#8211; Patents Getting One: A Cost Cutting Primer for Inventors</h2>
<p><b>patent cost</b> &#<i></i><u></u>8211; &#8230;<a href="http://www.amazon.com/Patents-Getting-One-Cutting-Inventors/dp/091496075X%3FSubscriptionId%3DAKIAJDWU3NPUXO55NZSA%26tag%3Dthsehotolowei-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3D091496075X" title="patent cost Patents Getting One: A Cost Cutting Primer for Inventors"/>Read More</a></p>
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		<title>Patent An Idea &#8211; Amalfi by Rangoni Women&#8217;s Idea Slingback Wedge,Taupe Patent,10 M US</title>
		<link>http://www.allpatentinfo.com/patent-an-idea-amalfi-by-rangoni-womens-idea-slingback-wedgetaupe-patent10-m-us.html</link>
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		<pubDate>Sat, 04 Sep 2010 03:05:46 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Patent An Idea]]></category>
		<category><![CDATA[Amalfi]]></category>
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		<description><![CDATA[patent an idea &#8211; Amalfi by Rangoni Women&#8217;s Idea Slingback Wedge,Taupe Patent,10 M US patent an idea &#8211; &#8230;Read More $ 64.78 Business Marketing &#038; Design : How to Patent &#038; Market Your Original IdeaAn original idea can be patented and marketed with the help of a lawyer, who can draw up the proper paper [...]]]></description>
			<content:encoded><![CDATA[<h2>patent an idea &#8211; Amalfi by Rangoni Women&#8217;s Idea Slingback Wedge,Taupe Patent,10 M US</h2>
<p><b>patent an idea</b> &#<i></i><u></u>8211; &#8230;<a href="http://www.amazon.com/Amalfi-Rangoni-Womens-Slingback-Patent/dp/B00263J866%3FSubscriptionId%3DAKIAJDWU3NPUXO55NZSA%26tag%3Dthsehotolowei-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB00263J866" title="patent an idea Amalfi by Rangoni Women's Idea Slingback Wedge,Taupe Patent,10 M US"/>Read More</a></p>
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<p>
$ 64.78</p>
<p>
Business Marketing &#038; Design : How to Patent &#038; Market Your Original Idea<br />An original idea can be patented and marketed with the help of a lawyer, who can draw up the proper paper work and submit it to the appropriate offices. Obtain an official patent and understand creative marketing strategies with helpful advice from amanagement professor in this free video on business. Expert: Mark Clifton Bio: Mark Clifton has an degree in marketing management from Oxford Brookes University, and has successfully completed the CELTA teacher training program of Cambridge University. Filmmaker: Paul Volniansky<br />
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		<title>Patent Number Search &#8211; ORIGINAL PATENT APPLICATION NUMBER 14,658 FOR AN IMPROVED SEARCH-LIGHT FOR LOCOMOTIVES (KIEL).</title>
		<link>http://www.allpatentinfo.com/patent-number-search-original-patent-application-number-14658-for-an-improved-search-light-for-locomotives-kiel.html</link>
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		<pubDate>Sat, 04 Sep 2010 03:05:44 +0000</pubDate>
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				<category><![CDATA[Patent Number Search]]></category>
		<category><![CDATA[14658]]></category>
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		<description><![CDATA[patent number search &#8211; ORIGINAL PATENT APPLICATION NUMBER 14,658 FOR AN IMPROVED SEARCH-LIGHT FOR LOCOMOTIVES (KIEL). patent number search &#8211; &#8230;Read More User Question About patent number search : I am looking for a company that made a wooden dresser type thing. all i have is the patent number. is there any where i can [...]]]></description>
			<content:encoded><![CDATA[<h2>patent number search &#8211; ORIGINAL PATENT APPLICATION NUMBER 14,658 FOR AN IMPROVED SEARCH-LIGHT FOR LOCOMOTIVES (KIEL).</h2>
<div align="center"><img src="" alt="patent number search" /></div>
<p>
<b>patent number search</b> &#<u></u>8211; &#8230;<a href="http://www.amazon.com/ORIGINAL-APPLICATION-IMPROVED-SEARCH-LIGHT-LOCOMOTIVES/dp/B001A3B816%3FSubscriptionId%3DAKIAJDWU3NPUXO55NZSA%26tag%3Dthsehotolowei-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB001A3B816" title="patent number search ORIGINAL PATENT APPLICATION NUMBER 14,658 FOR AN IMPROVED SEARCH-LIGHT FOR LOCOMOTIVES (KIEL)."/>Read More</a></p>
<p>User Question About <i>patent number search</i> :<br />
I am looking for a company that made a wooden dresser type thing.</p>
<p>all i have is the patent number.</p>
<p>is there any where i can search using that number?</p>
<p>Its 1997344</p>
]]></content:encoded>
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		<title>Patent Bar Exam &#8211; Pass the Patent Bar Exam with Ease: Test Preparation and Study Guide (eBook PDF Delivery)</title>
		<link>http://www.allpatentinfo.com/patent-bar-exam-pass-the-patent-bar-exam-with-ease-test-preparation-and-study-guide-ebook-pdf-delivery.html</link>
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		<pubDate>Sat, 04 Sep 2010 03:05:42 +0000</pubDate>
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		<description><![CDATA[patent bar exam &#8211; Pass the Patent Bar Exam with Ease: Test Preparation and Study Guide (eBook PDF Delivery) patent bar exam &#8211; Do you want to pass the patent bar exam? Then look no further. You have found the most comprehensive patent bar exam study guide on the web. This review course is a [...]]]></description>
			<content:encoded><![CDATA[<h2>patent bar exam &#8211; Pass the Patent Bar Exam with Ease: Test Preparation and Study Guide (eBook PDF Delivery)</h2>
<div align="center"><img src="http://ecx.images-amazon.com/images/I/4118pwpZuaL.jpg" alt="patent bar exam" /></div>
<p>
<b>patent bar exam</b> &#8211; Do you want to pass the <i>patent bar exam</i>? Then look no further. You have found the most comprehensive <u>patent bar exam</u> study guide on the web. This review course is a must have tool for anyone taking the United States Patent &#038; Trademark registration examination (more commonly known as the patent bar). This 166-page guide explains the concepts tested on the exam in crystal clear detail. In addition, the guide is the only study aid with actual topics recently appearing on the examination, as well as&#8230;<a href="http://www.amazon.com/Pass-Patent-Bar-Exam-Ease/dp/B002W3ARP6%3FSubscriptionId%3DAKIAJDWU3NPUXO55NZSA%26tag%3Dthsehotolowei-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB002W3ARP6" title="patent bar exam Pass the Patent Bar Exam with Ease: Test Preparation and Study Guide (eBook PDF Delivery)"/>Read More</a></p>
<ul>
<li>Comprehensive 160-page guide explaining everything currently tested on the patent bar exam in crystal clear detail.</li>
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<li>The guide is in electronic PDF format which allows easy viewing, searching, and printing. FREE shipping and electronic delivery!</li>
<li>Updated in 2010. The most up-to-date study guide available and an invaluable tool for passing the patent bar registration exam.</li>
</ul>
<p>
$ 26.00</p>
<p>Recomended ClickBank.com Product :<br />
Provisional Patent Application Kit &#8211; Patent-Pending Made Easy!<br />
Download Everything you need! Do you have an innovative product or invention? This Provisional Patent Application Kit can help you to obtain your patent-pending status and achieve your dreams as an inventor.<br />
<a href="http://kokoruko.BCPATENT.hop.clickbank.net" title="patent+bar+exam" >Read More</a></p>
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		<slash:comments>3</slash:comments>
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		<title>Patent Prototype Model</title>
		<link>http://www.allpatentinfo.com/patent-prototype-model.html</link>
		<comments>http://www.allpatentinfo.com/patent-prototype-model.html#comments</comments>
		<pubDate>Sat, 21 Aug 2010 18:15:03 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Utility Patent]]></category>
		<category><![CDATA[Model]]></category>
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		<description><![CDATA[Related Article : Patent Prototype Model Whether you&#8217;ve got a fresh product, a service or a technology, you must be able to demonstrate the unmatched features and benefits of your offering. Some inventors have a facility to make, design and construct the necessary demonstration unit. The great majority of people do not. This is a [...]]]></description>
			<content:encoded><![CDATA[<p><b></b><i></i><u></u>Related Article :</p>
<h2>Patent Prototype Model</h2>
<p>Whether you&#8217;ve got a fresh product, a service or a technology, you must be able to demonstrate the unmatched features and benefits of your offering. Some inventors have a facility to make, design and construct the necessary demonstration unit. The great majority of people do not. This is a straightforward hurdle to overcome. </p>
<p>Come visit us right here for more Rapid Prototype Info and get two Prototyping Ebooks <a rel="nofollow" onclick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://www.prototypezone.com/">Patent Prototype</a>. <br />http://www.prototypezone.com/</p>
<p>In every city in America there are job shops, product design and development firms, engineers and software writers capable of providing professional steering leading to production of the prototype required. </p>
<p>A key derivative of this process will be the creation of 3-D, PC Assisted Design art. This art is critical in the assembly of the product for production, in getting critical and totally accurate cost of products and filing patents. </p>
<p>Patent Filing Intellectual Property Protection </p>
<p>Only a few licensees are interested in investing serious monies in marketing a new product without the guarantee of some patent, copyright and / or trademark protection. See a Patent solicitor. Patent law is extremely express and for that reason it is a legal specialty. A competent patent attorney will conduct a search and, using the results, advise the possibility of successfully receiving a utility patent ( highly preferred ), design patent ( patent on art, easily overcome ) or not being artful enough to get any cover. </p>
<p>If an item has dicey patent prospects we like an alternative strategy. I have been a proponent for several of my clients of a tactic we call patent pending forever. Our goal is to keep a product in patent outstanding status for so long as possible by timing addendum to the application and art and filing these to keep having the filing reviewed again. </p>
<p>During patent pending a filing is largely in limbo. The advantage for the inventor is that there is no publication of the main points of the art, features and unique advantages of their product. Secrecy is an asset. Once a patent number is received two undesirable things occur : details of the patented product become public knowledge, and the clock starts ticking against the 20-year life of the patent. </p>
<p>For most entrepreneurs seeking a license, we don&#8217;t push for global patent filing. International filing is extraordinarily expensive and we let the licensee think this expense.</p>
<p>Come visit us right here for more Rapid Prototype Info and get two Prototyping Ebooks <a rel="nofollow" onclick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href="http://www.prototypezone.com/">Patent Prototype</a>. <br />http://www.prototypezone.com/</p>
<p>
Source : http://www.articlesbase.com/software-articles/patent-prototype-model-1068129.html</p>
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		<title>How to Patent your Invention or Idea</title>
		<link>http://www.allpatentinfo.com/how-to-patent-your-invention-or-idea.html</link>
		<comments>http://www.allpatentinfo.com/how-to-patent-your-invention-or-idea.html#comments</comments>
		<pubDate>Sat, 21 Aug 2010 18:15:02 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uspto Patent]]></category>
		<category><![CDATA[Idea]]></category>
		<category><![CDATA[invention]]></category>
		<category><![CDATA[Patent]]></category>

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		<description><![CDATA[Related Article : How to Patent your Invention or Idea Creativity and imagination is are qualities we are all born with, in some people these qualities tend to develop rather faster compared to others. Imagination has fueled our inherent desire to overcome obstacles and improve the tools we have available today, creativity on the other [...]]]></description>
			<content:encoded><![CDATA[<p><b></b><i></i><u></u>Related Article :</p>
<h2>How to Patent your Invention or Idea</h2>
<p>Creativity and imagination is are qualities we are all born with, in some people these qualities tend to develop rather faster compared to others. Imagination has fueled our inherent desire to overcome obstacles and improve the tools we have available today, creativity on the other hand helps us create and materialize the ideas we have developed.</p>
<p>&#13;</p>
<p>The process of invention is pleasant and rewarding but when it comes to obtaining a patent which makes you the legitimate owner of your creations and ideas the field changes. The first step towards obtaining a patent is to search the online database provided by through the government website which is in charge of keeping all of these records, this way you will know in an instant if your idea has already been patented or if it isn&#8217;t.</p>
<p>&#13;</p>
<p>The U.S. Patent Office is in charge of keeping all records related to invention and ideas, their site address is uspto.gov , all the paperwork and applications needed to process a new patent are available on both online and off-line sources. These forms can be filled out by yourself or with the help of an attorney if you don&#8217;t feel quite comfortable with the process, however, must of the forms are straight forward, the information requested involves name of the inventor, description, functionality, drawings or charts and any other information pertinent to the idea being patented. The forms you will have to choose from are utility, plant and design; each one is intended for a specific kind of invention or idea.</p>
<p>&#13;</p>
<p>You also need to be aware that there is a fee to have this paperwork processed. Once you have the information ready you can submit the form either electronically or in person. The person who reviews the form on behalf of the office will evaluate the information submitted and if it turns out your idea is unique you will get a patent which will protect your rights and will allow you to legally receive credits for your work.</p>
<p>&#13;</p>
<p>The next step is to find an organization which helps inventors develop and market their ideas, this will launch your product full force into the market.</p>
<p>&#13;</p>
<p>One more fact you need to be aware of is that this kind of protection is not permanent, depending on the application filed your idea is protected either 14 or 20 years. Twenty year protection applies to utility/plant and 14 year protection applies to design patents.</p>
<p>&#13;</p>
<p>Always be patient and optimistic about the results of your submission, good luck!</p>
<p>
Source : http://www.articlesbase.com/business-articles/how-to-patent-your-invention-or-idea-294175.html</p>
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		<title>Rules for Patent Filling in India</title>
		<link>http://www.allpatentinfo.com/rules-for-patent-filling-in-india.html</link>
		<comments>http://www.allpatentinfo.com/rules-for-patent-filling-in-india.html#comments</comments>
		<pubDate>Sat, 21 Aug 2010 18:13:52 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Provisional Patent]]></category>
		<category><![CDATA[filling]]></category>
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		<category><![CDATA[Rules]]></category>

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		<description><![CDATA[Related Article : Rules for Patent Filling in India Patent lawyers make their living doing their jobs as well. It is advisable to let them do their job and your patent application will have a much better opportunity at being successful. In sort you have done you work and your job. Now it is time [...]]]></description>
			<content:encoded><![CDATA[<p><b></b><i></i><u></u>Related Article :</p>
<h2>Rules for Patent Filling in India</h2>
<p>Patent lawyers make their living doing their jobs as well. It is advisable to let them do their job and your patent application will have a much better opportunity at being successful. In sort you have done you work and your job. Now it is time to let them do theirs.<br />The protection of original inventions, writings, processes, programs, or artistic creations is assured by the Intellectual Property rights. The IPR also include trademarks or copyrights; patents are also a part of the IPR and they can be described as exclusive rights given to a patentee. Any patent which gets approved will be original, functional, and relevant for industrial and economical progress.<br />There may be complex legal issues connected to invention ideas submitted to big companies. Those issues can involve joint development of the same invention. Another example could be two inventors that developed the invention together, including trade secret ownership and confidential rights.<br />Various text and data mining technologies are developed and many more are in the development stage by various vendors to generate valuable insights from the patent information and representing into highly visual format for easy to understand.<br />Submitting Provisional Patent Application costs 0 for an application having 100 or fewer pages of specification and drawings. Inventors should be prepared to describe their inventions in great detail; in fact, USPTO recommends that your invention should be clearly understood by the person of &#8220;ordinary skill in the art&#8221; of the invention.<br />Apart from online patent sites, there are several patent offices that manually search for patents. You need to apply to these offices, and they will conduct a comprehensive search on the patent. The advantage of an offline patent search is that it is more individualized, and it streamlines the particular concept.<br />When a company or firm applies for its patents it has to mention its basic design, function and model. If another company takes this basic model or design and makes an improved version of it, the original company has the freedom to deny patents to the latter.<br />Information in the prior art can help serve as a guide in drafting your application. <br />You will be able to focus the drafting of your application on the improvements and features of your invention not previously disclosed in the prior patents and published applications.<br />As more companies advertise their technology needs, there will undoubtedly be more opportunities for patentees to dispose of their unwanted patent rights. Few patent holders will have the &#8220;bandwidth&#8221; or perspective necessary to review these technology marketplaces.<br />In the aggregate, most innovation professionals conceptually understand that patent information should serve as a source of Open Innovation subject matter. Nonetheless, few of these professionals fully appreciate how patents can be used to improve the innovation process.<br />If you are thinking about specializing in patent law, it is best if you obtain a college degree in engineering, physics or natural sciences such as chemistry and biochemistry. To succeed in this profession a general knowledge, understanding and liking of science is a must.</p>
<p>
Source : http://www.articlesbase.com/patents-articles/rules-for-patent-filling-in-india-2277878.html</p>
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		<title>US Treasury Comments On International Tax Reform</title>
		<link>http://www.allpatentinfo.com/us-treasury-comments-on-international-tax-reform.html</link>
		<comments>http://www.allpatentinfo.com/us-treasury-comments-on-international-tax-reform.html#comments</comments>
		<pubDate>Sat, 21 Aug 2010 18:10:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Patent Reform]]></category>
		<category><![CDATA[Comments]]></category>
		<category><![CDATA[International]]></category>
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		<description><![CDATA[Related Article : US Treasury Comments On International Tax Reform The United States Treasury has spoken out on the issue of international tax reform at the latest in a series of hearings staged by the Senate Finance Committee to examine how the US tax code can be simplified and improved. In the comments submitted to [...]]]></description>
			<content:encoded><![CDATA[<p><b></b><i></i><u></u>Related Article :</p>
<h2>US Treasury Comments On International Tax Reform</h2>
<p>The United States Treasury has spoken out on the issue of international tax reform at the latest in a series of hearings staged by the Senate Finance Committee to examine how the US tax code can be simplified and improved.</p>
<p>In the comments submitted to the Finance Panel hearing on international tax reform, held on 26th June, the Office of Tax Policy of the &lt;a rel=&#8221;nofollow&#8221; onclick=&#8221;javascript:pageTracker._trackPageview(&#8216;/outgoing/article_exit_link&#8217;);&#8221; href=&#8221;http://www.ocra.com/jurisdictions/usallc.asp&#8221;&gt; United States &lt;/a&gt;  Department of the Treasury observed:</p>
<p>&#8220;The global economy has changed markedly over the past half century, and so too has the US role in that global economy. Trade and investment flow across borders in greater volume and with greater ease. As we look to the future, many factors, including education, immigration, and trade policies play an important role in the lives and living standards of US workers and in the ability of &lt;a rel=&#8221;nofollow&#8221; onclick=&#8221;javascript:pageTracker._trackPageview(&#8216;/outgoing/article_exit_link&#8217;);&#8221; href=&#8221;http://www.ocra.com/jurisdictions/usallc.asp&#8221;&gt; US companies &lt;/a&gt;to compete globally. By influencing incentives to acquire and use capital, the US international tax regime, and US business taxes more generally, also play an important role in economic decision making.</p>
<p>&#8220;As barriers to cross-border movement of capital and goods have been reduced, differences in nations&#8217; tax systems have become a greater factor in the success of global companies. Globalization has made it imprudent for the United States, or any other country, to enact tax rules that do not take into account what other countries are doing. Our major trading partners recognize this. Many have modified or plan to modify their business tax systems to improve their global competitiveness.</p>
<p>&#8220;For example, during the past two decades, many of our major trading partners have lowered their corporate tax rates, causing the United States to go from being a low statutory corporate tax-rate country to being a high statutory tax-rate country.</p>
<p>&#8220;Moreover, during the same period, many of the member countries of the Organisation for Economic Co-operation and Development (OECD) have changed how they tax the foreign earnings of their companies, increasingly moving toward systems that exempt from tax the active foreign earnings of their multinational companies,&#8221; he added.</p>
<p>The Treasury commentary then moved on to the issue of business tax, explaining:</p>
<p>&#8220;As our major trading partners respond to the realities of the global economy, US companies increasingly suffer a competitive disadvantage. The US business tax system imposes a burden on US companies and US workers by raising the cost of investment in the United States and burdening U.S. companies as they compete with foreign companies in foreign markets. Business taxes play a key role in the economy because they influence the incentive to acquire and use capital – the plants, offices, equipment, and software that corporations employ to produce goods and services.</p>
<p>&#8220;In general, an economy with more capital is more productive and ultimately attains a higher standard of living than economies that have accumulated less capital. Workers gain when businesses have more capital and, correspondingly, workers stand to lose when the tax system leads businesses to invest less and have a smaller capital stock.</p>
<p>&#8220;The current &lt;a rel=&#8221;nofollow&#8221; onclick=&#8221;javascript:pageTracker._trackPageview(&#8216;/outgoing/article_exit_link&#8217;);&#8221; href=&#8221;http://www.ocra.com/jurisdictions/usallc.asp&#8221;&gt; US system &lt;/a&gt; for taxing multinational companies has been developed in a patchwork fashion, resulting in a web of tax rules that is unlikely to promote maximum economic efficiency. The United States cannot afford to be left behind as other nations modernize their business tax systems, including the taxation of foreign earnings. In general, inaction would make the United States a less attractive place in which to invest, innovate, and grow. As capital moves more freely across borders, and emerging countries begin to approach US levels of education and training, some advantages that the United States currently has will erode. Americans deserve a tax system that is simple, fair, and pro-growth – in tune with the nation&#8217;s dynamic economy.&#8221;</p>
<p>The Treasury then turned its attention to the recent Treasury Report on Business Taxation and Global Competitiveness, commenting:</p>
<p>&#8220;Under current law, corporations formed in the United States are subject to tax on their worldwide income, meaning that they are subject to immediate US tax on all of their direct earnings, whether earned in the United States or abroad.</p>
<p>&#8220;However, US corporations with foreign subsidiaries generally are not taxed on the foreign subsidiaries&#8217; active business income (such as from manufacturing operations) until the income is repatriated. That is, until that active business income is returned to the United States, typically through a dividend to the parent corporation, US tax is deferred. Not all foreign subsidiary income is subject to deferral, however. For example, US tax is not deferred on passive or easily moveable income of foreign subsidiaries of US corporations, under the anti-deferral rules in subpart F of the Internal Revenue Code.</p>
<p>&#8220;To prevent double taxation of income by both a foreign country and the United States, a US corporation is generally allowed a foreign tax credit for foreign taxes paid by it. In addition, a US corporation is generally allowed a foreign tax credit for foreign taxes paid by a foreign corporation, of which it owns 10% or more of the voting stock, on earnings the foreign corporation repatriates. The foreign tax credit is claimed by a taxpayer on its US tax return, and reduces US tax liability on foreign source income.</p>
<p>&#8220;The major alternative to a worldwide system is a territorial system in which the home country exempts all or a portion of the foreign earnings from home-country taxation. The US system was developed at a time when the United States was the primary source of capital investment and dominated world markets. The global landscape has shifted considerably over the past several decades, with other countries challenging the US position of economic pre-eminence.</p>
<p>&#8220;The present US system for taxing the foreign source income of US multinational corporations has several undesirable effects. The present system distorts economic behavior. For example, corporations may forgo US investment opportunities to avoid the imposition of US taxes. The current system also distorts the choice of where to exploit intangible assets, such as patents, and the choice of where to locate income and expenses for tax purposes. Finally, the current system is very complex, and a dividend exemption system would reduce some of the complexity related to the taxation of repatriated earnings.</p>
<p>&#8220;Moving to a type of territorial system, therefore, could have several advantages as compared to present law. More than half of OECD countries use some type of dividend exemption system, and a dividend exemption system could reduce some of the economic distortions imposed by the current US tax system.</p>
<p>In conclusion, the Treasury stated:</p>
<p>&#8220;The US business tax system must help US companies and workers compete globally by taking into account the increasingly integrated global economy. With a view to maintaining our competitiveness, US tax policy must respond to and anticipate changes in the global marketplace. The current US system is far from optimal, and we cannot afford to be left behind as other nations modernize their business tax systems, including the taxation of foreign earnings.</p>
<p>The US system for taxing businesses needs to be reevaluated to consider how it can be improved to attract and generate the investment and innovation necessary to advance the living standards of all Americans. The Administration looks forward to working with the Finance Committee on this important topic,&#8221; he finished.</p>
<p>
Source : http://www.articlesbase.com/taxes-articles/us-treasury-comments-on-international-tax-reform-1105816.html</p>
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