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10 February 2012 marked the closure of the UK government’s period of consultation on the draft legislation for a ‘Patent Box’, which would aim to stimulate the UK economy by enhancing the desirability of the UK as a location for R&D
In a recent Chief Counsel Memorandum (“CCM”), the Internal Revenue Service (the “IRS”) concluded (contrary to an established industry custom) that attorney fees incurred for investigatory patent research and to defend actions for patent infringement in connection with the filing of abbreviated new drug applications (“ANDAs”) were not deductible and instead must be capitalized
