Did You Know?

Did you know that if the 2.3% medical device excise tax fails repeal, the industry will need about $2.5 billion to comply with the next tax levy?

Did you know that if the 2.3% medical device excise tax fails repeal, the industry will need about $2.5 billion to comply with the next tax levy?

Medtech industry lobby AdvaMed released the results of their latest analysis of the impact of the excise tax, which suggests that next year's total federal tab may be nearly 30% larger than the industry currently pays. The report plays up the industry's strategy of re-framing tax repeal efforts in the language of tax reform, separating it from concerns about healthcare reform.

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To read more visit: http://www.massdevice.com/news/report-medical-device-tax-means-30-spike-industrys-federal-tax-burden.

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