The Leahy-Smith America Invents Act reforms the U.S. patent system and states any “strategy for reducing, avoiding, or deferring tax liability” is deemed to be “prior art” under patent law. The bill had been passed by the Senate earlier this month and by the House last June.
About Jaya A. Naiken
Jaya Naiken graduated with a Bachelor of Science degree in Accounting from California State University Sacramento and a Master in Business Administration from Indiana Wesleyan University. He attained his Certified Estate Planner designation in 2010.
He is a licensed CPA in Indiana and inactive in Montana.
