Manufacturers exceed $1 billion in payments to IRS from medical device tax

Medical device manufacturers recently surpassed $1 billion in payments to the Internal Revenue Service for the medical device excise tax, which went into effect on Jan. 1, according to a joint announcement from the Medical Imaging & Technology Alliance, Advanced Medical Technology Association and Medical Device Manufacturers Association. “The $1 billion threshold is frightening as every dollar spent paying for this medical device tax threatens medical innovation and American jobs,” Gail Rodriguez, executive director of the Medical Imaging & Technology Alliance (MITA), stated in a press release. “MITA is pleased (Read more...)

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