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Hogan Lovells partner Chris Mammen talks to Berkeley Law professors Narechania and McCrary regarding IP applications of Blockchain.
Is Blockchain Technology Patented, Blockchain and Patent Law.
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In Canada, exports are “zero-rated” sales for G.S.T. functions. This implies that when you deliver a product to someone outside Canada, you don’t charge G.S.T. Yet, you get to claim (or deduct from the G.S.T. collected by you) all the “input tax credits” (G.S.T. that you paid for company purposes) to make that export. The idea, I suppose, is to motivate Blockchain Technology exporting.
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Pretend that your Canadian customer has actually bought a book from you from your Canadian site. Your drop ship provider is situated in the United States and is registered for G.S.T. You fax your order to the American business, and they, in turn, ship the book for you (complete with Customs Statement and their G.S.T.
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