In coping with the global economic competition and knowledge economy, the first priority of Taiwanese businesses ought to be the creation and management of intellectual capital. This article attempts to examine issues concerning the integrity of protection on intellectual capital investment through analyses of current, existing problems in various domains. As far as each individual law is concerned, while Taiwan has already developed a rather complete framework on intellectual property protection comparable to international norms, it has not yet provided a complete picture in the accounting, finance, taxation, and [fair] trade aspects of a comprehensive regime expanded from intellectual property rights to the investment of intellectual capital. The rather backward inter-complimentary legal and economic mechanism only resulted in businesses having great difficulties to assess the value of their intellectual capital, and thus losing grip on the real market value. This article will present the issues and threads as a reference for the government to review and overhaul the accounting, finance, tax, and transaction laws and other legal regime concerning the protection of intellectual property rights, hopefully the government will promulgate, revise, and perfect the relevant legal regime and assist businesses in Taiwan in the creation and management of global intellectual capital. This article points out the practical deficiencies for Taiwanese business in the areas of intellectual capital management, manpower injection and organizational design, along with the fact that patent agents do not possess the necessary professionalism. It also identifies other persisting problems, albeit lack of improvement, in the quality and efficiency of patent prosecution and remedy, let alone innovation management. In terms of judicial remedies, it used to be that the protection of patent, trademark, copyright, integrated circuits layouts, and trade secrets rights or interests replied [substantially] on criminal litigation and [the strategy of] “pacification through penal prosecution” such that there was a lack of fundamental reform on related civil litigation and practices, which, in turn, rendered the execution of intellectual property rights difficult, if not outright hallow. This problem is getting worse once infringement is decriminalized under the new Patent Law. These factors further worsen the conditions for businesses in Taiwan to manage intellectual capital. Against the backdrop of Taiwan’s changing industrial structure, this article also considers its impact on the existence and continuation of patent value. Furthermore, in light of the shrinking bases of Taiwan’s manufacturing sector, deterioration of economic environment, and vicissitude of the industrial structure; the hollowness of patent protection due to backward civil litigation system; as well as many quality, professionalism and efficiency issues occurring in virtually all segments of patent acquisition, from the content of technology, patent agent, to patent examination, this article attempts to propose an alarming theme of “ Uselessness of Taiwan Patents.” Hopefully the government will heed and emphasize the importance of having a comprehensive legal regime on intellectual capital, and promote the fundamental infrastructure for intellectual capital management for businesses in Taiwan. In turn, hopefully businesses in Taiwan, building on their experiences accumulated in the past, will compete in the investment and exploitation of intellectual capital creation and management, so that they can stand out and maintain their edge in the era of global economic competition.