Accounting methods and transactions for publicly traded corporations are not confidential and would not be difficult to enforce. Allowing an innovative tax attorney protect his or her innovation through a business method patent is simply providing that person the same equal protection that the rest us enjoy. My mother for example did a deal for the staples center where she could increase the loan to value ratio by borrowing against the future advertising value so the "Staples Center" people could get a better interest rate. Excellent innovation that didn't land her one more deal because after it was published, everybody else started doing the same thing. She learned her lesson, now has a patent on a structure that allows airlines to borrow against their airline terminal licensing agreements, an asset in an industry where airlines own nothing and lease everything. The structure is approved by the rating agencys who say this will bring current airline bonds from "C" credit to "A" credit and save the airline industry apx. 200 basis points on 10 Billion dollars of U.S. airline debt, which, in some cases, keep airlines from going into default. Fact is that this structure has been applicable to the industry for 30 years yet nobody else did it, would you agree that in this case that business method patents should be applied to legal structures? I personally don't see how the same shouldn't apply to tax attorneys.
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Accounting methods and transactions for publicly traded corporations are not confidential and would not be difficult to enforce. Allowing an innovative tax attorney protect his or her innovation through a business method patent is simply providing that person the same equal protection that the rest us enjoy. My mother for example did a deal for the staples center where she could increase the loan to value ratio by borrowing against the future advertising value so the "Staples Center" people could get a better interest rate. Excellent innovation that didn't land her one more deal because after it was published, everybody else started doing the same thing. She learned her lesson, now has a patent on a structure that allows airlines to borrow against their airline terminal licensing agreements, an asset in an industry where airlines own nothing and lease everything. The structure is approved by the rating agencys who say this will bring current airline bonds from "C" credit to "A" credit and save the airline industry apx. 200 basis points on 10 Billion dollars of U.S. airline debt, which, in some cases, keep airlines from going into default. Fact is that this structure has been applicable to the industry for 30 years yet nobody else did it, would you agree that in this case that business method patents should be applied to legal structures? I personally don't see how the same shouldn't apply to tax attorneys.