London Roundtable: Patent Box - The Industry Impact
London, United Kingdom
In association with Society for Computers & Law
Date and Time: November 14, 2011 at 17:45- 18:45 PM, followed by networking drinks
Location: CMS Cameron McKenna LLP, Mitre House, 160 Aldersgate Street, London EC1A 4DD
Cost: ITechLaw and SCL members: £30 + VAT; Non-Members: £45 + VAT
CPD: 1.5 hours
RSVP: To obtain the special ITechLaw Members' rate, please contact ITechLaw Member Services for further details.
The UK government has announced its intention to "create the most competitive tax system in the G20," and its recent Patent Box proposals are intended to play a key role.
Its intention is to establish the UK as a location of choice for innovative industries, incentivising businesses to retain and commercialise patents in the UK. Qualifying profits from relevant patents will be taxed at a reduced 10% rate of corporation tax, provided relevant decisions about commercialising the patents are made in the UK.
But what does it mean in practice and will it achieve its aims?
Patent exploitation in the ICT sector is very different from other industries. Our speakers will explain how this complex legislation is likely to work, and our industry guest speaker will examine the potential pros and cons for the ICT sector.
Speaker: Nick Foster-Taylor, CMS Cameron McKenna
Nick Foster-Taylor is Head of Transfer Pricing at CMS Cameron McKenna, and acts as a consultant to the Corporate Tax team. Nick has many years' experience in transfer pricing compliance and consultancy for a variety of U.K., European and U.S. multinationals and financial institutions, training in tax at KPMG and PwC, and subsequently heading up transfer pricing teams at LECG, Duff & Phelps, and latterly Kelsham Global, a multi-national transfer pricing boutique. Specific expertise includes transfer pricing planning in relation to M&A activity, joint ventures, supply chain re-organisation, and intellectual property management, as well as representing clients extensively in negotiations with tax authorities worldwide.
Speaker: Paul Garland, Kemp Little LLP
Paul Garland is Executive Partner at Kemp Little LLP and heads the IP team. Paul advises on all aspects of the protection and exploitation of intellectual property and related rights, with a focus on technology and digital business. He has acted in substantial intellectual property proceedings including UK and cross-border patent, trade mark and copyright litigation and mediation. Paul is listed as a Leading Individual for Intellectual Property in Chambers UK, Chambers Global and Legal 500 for 2008/2009.
Speaker: Daniel Hermele, Director, IPRs and Licensing, Qualcomm Europe, Inc.
Daniel Hermele is Director of IPR and Licensing for Qualcomm Europe. He is often asked to provide an industry perspective in policy discussions about innovation, and the role of IPR and licensing in promoting growth the ICT sector. Prior to joining Qualcomm in 2008, Daniel worked in private practice and in-house for Nortel where he was IP Regional Lead, EMEA. He is a barrister of England and Wales and a European and British patent attorney. He obtained a Bachelors degree in Mathematics and a Masters degree in Law both from the University of Bristol in England.
Speaker: Jeremy Morton, CMS Cameron McKenna
Jeremy Morton is a partner in CMS Cameron McKenna's Intellectual Property and technology group. He has more than 20 years' experience advising on all aspects of IP disputes, including patent litigation, as well as transactions and advice. He has acted for many well-known technology businesses including consumer electronics manufacturers, infrastructure providers, telcos, patent pools, database businesses and mobile banking providers, as well as suppliers of IT and e-commerce services.