Court may grant tax benefits to export software
Article Abstract:
US law may at last be ready to extend to software companies the tax benefits of the foreign sales corporation (FSC), long available to the entertainment industries. Parenthetical language in the enabling legislation permits some forms of intellectual property, which may be reproduced outside the US without a significant loss of US jobs, to be exported via FSCs. This brings significant tax benefits as an incentive for exports. Congress and the Tax Court are both considering the change, long sought by software makers.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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Law has not kept up with technology; rapid evolution in the software industry has gone beyond the scope of copyright protection
Article Abstract:
Evolving computer and communications technologies have outstripped the law and rendered unprosecutable certain clear crimes involving the duplication and transmission of copyrighted material. Software, the heart of the emerging regime, is particularly at risk. The White House Information Infrastructure Task Force's July 1994 draft report (Lehman report) offers several suggested changes to existing law to remedy these gaps. The report calls for amending Sec 101 and 106 of the Copyright Act, among other things.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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China trade accord may protect software vendors; after years of allowing piracy to flourish, China now hopes to meet international standards
Article Abstract:
The trade accord that China signed with the US on Feb 26 targets software piracy that US software makers claim cost them $350 million in 1994. While some observers are skeptical and note the intense pressure the US had to apply, others note China's strong incentives to hold up its end of the deal. Regulations implementing the agreement classify software as a literary work and protect software first published in China or in a country in a bilateral or international copyright agreement with China.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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