Thursday, May 7, 2015 5:47 pm | By Alexander Hendrie
Earlier this week, congressional tax writers began discussing implementation of patent box legislation. Patent boxes, sometimes known simply as innovation boxes grant businesses a tax break for income that is derived from intellectual property. While each patent box has its own mechanisms, this generally includes income from licensing of IP, and any good or service provided related to IP. Introducing this mechanism will help place the US again become a business friendly economy and encouraging stronger innovation.
PRA Celebrates World Intellectual Property Day
Friday, April 24, 2015 5:28 pm | By Lorenzo Montanari
On April 26, innovators and creators across the globe recognize World Intellectual Property day, and the important contribution of IP to the innovative global economy. IP rights are the driving force behind modern economic growth, creating valuable technology used across all industries, improving and streamlining business practices, increasing economic productivity, and creating millions of jobs. World IP day is a time to congratulate the work of all stakeholders committed to strengthening this vital protection, and recognizing the contribution of innovators and creators across the planet.
Investors Growing Concerned at Lack of Promised Indian IP Reform
Monday, March 30, 2015 5:36 pm | By Alexander Hendrie
Foreign investors are growing wary and impatient at the lack of tangible Intellectual Property reforms in India, according to a new report released by the National Bureau of Asian Research (NBA). As a result, India risks driving away firms entirely, or severely reducing the foreign investment that a firm is willing to devote to India.
For years, India has developed a reputation for poor IP protections, most notable in its policies that showed complete disregard for pharmaceutical patent protection, encouraged copycats and resulted in a shortage of new medical innovations reaching the market.