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Broad Institute takes a hit in European CRISPR patent struggle

“But in Europe, a dispute that has gotten much less attention could derail several key Broad patents” writes Kelly Servick for sciencemag.org. Disagreement between Rockefeller and the Broad over Marraffini’s role in key CRISPR inventions led to a bizarre dispute, creating conflicting, identical patents with different authors,   reported in 2016.It has so far prevailed in a high-profile patent dispute with the University of California (UC), Berkeley.She notes that the decision doesn’t threaten the many follow-on patents the Broad has filed for gene-editing technologies, including alternatives to the Cas9 enzyme used in the…

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IBM leads on patents for 25th straight year

“IBM received more than 9,000 patents in 2017, setting a record and topping all other companies for the 25th consecutive year, according to a press release on Tuesday” writes Thomas Barrabi for foxbusiness.com. Tech giants Apple and Amazon fell outside the top 10, with 2,229 patents and 1,963 patents, respectively.IBM has been awarded more than 100,000 patents since 1993, the company said.”Today, nearly half of our patents are pioneering advancements in AI, cloud computing, cybersecurity, blockchain and quantum computing – and all are aimed at helping our clients create smarter…

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Amazon patents a mirror that dresses you in virtual clothes

“Once this process is completed, the virtual clothes and scene are transmitted through the mirror to create the blended-reality result” writes Simon Dawson for cnbc.com. That might not be a problem soon now that Amazon has patented a blended-reality mirror that lets you try on clothes virtually while placing you into a virtual location (via GeekWire). Source: cnbc.com Share This:

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Apple just patented a navigation system for self-driving cars

“In the patent, Apple describes methods to make self-driving vehicle navigation more efficient, reducing the need to constantly remake detailed maps” writes Anita Balakrishnan for cnbc.com. The patent comes after a Bloomberg report last year that said Apple was using virtual reality to test self-driving cars.The lengthy patent application titled simply “Autonomous Navigation System,” was published by the U.S. Patent and Trademark Office on Thursday and has apparently been in the works since at least 2015.Still, the pages-long patent application gives some insight into how the company is thinking about…

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U.S. Congress Passes Tax Bill Allowing Apple to Bring Back $252B in Foreign Cash

“This landmark bill will tax Apple at a flat 15% for its foreign cash, while the company would have to pay nearly 35% previously” reports iphonehacks.com. Apple currently holds $252.3 billion in cash overseas, which means that at 15%, Apple would have to pay $39.1 billion in taxes.There has been much talk about the U.S. Congress’ new tax bill which would allow Apple some comfort in repatriating some of its cash stored within foreign accounts.Apple has already mentioned that it will bring back its cash stored in foreign accounts.Interestingly, Apple has already…

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Tax legislation lets Apple bring back its $252B foreign cash pile without a major tax hit, but could raise the amount to pay on profits from patents held abroad

“The treatment of foreign patent profits is important to Apple because shifting those profits overseas was a cornerstone of its tax practices for decades” writes Min Read for reuters.com. One creates a minimum tax on foreign patent income that is expected to come to about 13 percent, said Gavin Ekins, a research economist with the Tax Foundation.Companies now have to pay a one-time 15.5 percent tax on their overseas cash to bring it back.At 15.5 percent, Apple would owe about $39.1 billion on its $252.3 billion in overseas cash.After that,…

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Congress passes tax bill that’ll let Apple repatriate its $252 billion foreign cash

“Doing the math quickly, it would cost the company around $39.1 billion to repatriate its $252.3 billion foreign cash pile under the new tax bill” reports idownloadblog.com. In doing so, Apple would be paying a 15.5% tax on repatriated cash thanks to the cut in the corporate tax rate from 35% to 21%.The company has said that it intends to repatriate some of its overseas cash pile and has already allocated $36.3 billion to pay Uncle Sam a one-time 15.5% tax on its $252.3 billion in overseas cash, which works…

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New tax break could allow Apple to bring its overseas cash pile back to the U.S.

“The newly-passed Republican tax overhaul will allow Apple to repatriate its giant $252.3 billion overseas cash pile without paying as much tax as it would have previously” writes Luke Dormehl for cultofmac.com. This subject is important because where Apple’s patents and intellectual property are held is factored into its tax structures.An additional tax break on patents held in the United States will also lower the tax on licensing income from the standard corporate rate of 21 percent to 13.1 percent, which is much closer to the figure Apple pays on…

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Apple won big with the tax bill, but it faces a snag with taxes on foreign patents

“It’s entirely possible their cash tax bill going forward would go up based on this alone.”” writes Brian Snyder for cnbc.com. For those patents that remain overseas, the minimum tax on foreign patent profits means Apple might actually face higher cash taxes abroad.One creates a minimum tax on foreign patent income that is expected to come to about 13 percent, said Gavin Ekins, a research economist with the Tax Foundation.The treatment of foreign patent profits is important to Apple because shifting those profits overseas was a cornerstone of its tax…

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The GOP tax plan will allow Apple to bring back its $252 billion in foreign cash without a big hit

“The treatment of foreign patent profits is important to Apple because shifting those profits overseas was a cornerstone of its tax practices for decades” reports businessinsider.com. (Reuters) – The U.S. Republican tax overhaul passed by Congress this week will allow Apple Inc to bring back its $252.3 billion foreign cash pile without a major tax hit – a long-standing company goal.For those patents that remain overseas, the minimum tax on foreign patent profits means Apple might actually face higher cash taxes abroad.”It’s entirely possible their cash tax bill going forward…

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