February 2, 2010
Iraqi scientist holds a U.S. patent
بغداد - الصباح BAGHDAD - morning
An Iraqi scientist has won a patent registered in the United States as the "software system for efficient anti-piracy."
According to a statement issued by the information department of the Council of Deputies, said that the patent acquired by Dr. Sattar Aboud came after scientific efforts continued, noting that he "was published patent publication Bentham role of science, as included among the patents of modern computer science in 2010.
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Obama Seeks $1.9 Trillion Tax Rise on Rich, Business
*** Patents, Trademarks
The new proposal takes aim at the transfer of licenses, patents, trademarks and other intangible property to subsidiaries in tax havens. Two administration officials said they made this change after weighing input from businesses and concluding targeting transfer pricing and foreign tax credit abuses would be more effective than last year’s proposals.
The officials said the change would force companies to pay immediate U.S. tax when income generated by products for which the license has been transferred to a low-tax countries produces an “excessive return” because of the tax savings.
Martin Sullivan, a former staff economist for the nonpartisan Joint Committee on Taxation in Congress, said the proposal would likely affect insurance, drug and technology companies.
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Obama Seeks $1.9 Trillion Tax Rise on Rich, Business
