Intellectual property rights coming of age in Asia; emerging Asian economies are increasing protection of patents, trademarks and copyrights
Article Abstract:
Asian countries have in the past 15 years begun to coordinate and harmonize their intellectual property laws and systems to simplify and improve protection. Two primary legal traditions remain, common-law and codified civil law, but the differences between the two have shrunk. Many of the countries still do not recognize the major international conventions, so local filing is vital for businesses with assets to protect. Over the next 15 years intellectual property rights in Asia should find full protection.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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The tax treatment of trademarks gets renewed attention in Congress
Article Abstract:
President Bush vetoed the Tax Fairness and Economic Growth Act of 1992 on March 20, but legislation permitting depreciation of intangibles such as trademarks and good will is still of interest to Congress. The fear that such a law would not be tax-revenue-neutral is the main reservation of those opposing it. Proponents of depreciation for intangibles will need to show that the competitive advantages for US business more than make up for possible loss of tax revenue.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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Musical pros may now depreciate instruments; the 2d and 3d circuits hold that professional musicians can depreciate tools of their trade regardless of market value or useful life
Article Abstract:
The 2nd and 3d US Circuit Courts of Appeal held recently that demonstration that an item suffers wear and tear in the course of normal business use allows it to be depreciated. Thus, the taxpayer need not establish the item's useful life or market value. The cases involved the Internal Revenue Code of 1954 as amended by the Economic Recovery Tax of 1981. ERTA dropped the useful life requirement, the courts held, as well as the need to establish a salvage value.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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