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Bay State Democrats spar over the medical device tax in 6th district congressional race

August 29, 2014 by Arezu Sarvestani

Massachusetts Congressional challenger Seth Moulton vows to fight against the medical device tax, putting fellow Democrat and long-time House incumbent John Tierney on blast.

Bay State Democrats spar over the medical device tax

The medical device tax has long been a rallying point for lawmakers on the right, but the levy is making a cameo appearance in a fight among Democrats looking to represent Massachusetts' 6th District.

Medtech tax slip-up fuels calls for repeal | MassDevice.com On Call

August 22, 2014 by Arezu Sarvestani

Opponents of the medical device tax have new grounds for their calls for repeal after a U.S. Treasury report finds that the IRS is having a hard time making sense of the levy.

MassDevice.com On Call

MASSDEVICE ON CALL — Medical device industry lobbyists have new ammunition in the fight against the 2.3% Affordable Care Act tax thanks to a U.S. Treasury report citing several issues with the IRS's management of the levy.

Report: The IRS is having trouble with the medical device tax

August 20, 2014 by Brad Perriello

A U.S. Treasury report on Obamacare's medical device tax reveals that the IRS is having problems figuring out which companies should be paying the 2.3% sales tax and that the tax bureau is only collecting about 76% of the tax it thinks is owed.

Not even the IRS can make sense of the medical device tax

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Not even the IRS can make sense of the medical device tax, a provision of the Affordable Care Act requiring medical device companies to pay a 2.3% levy on all U.S. sales, according to a report from a U.S. Treasury inspector general.

Massachusetts mulls tax credit to offset medical device tax

July 30, 2014 by Brad Perriello

Massachusetts Gov. Deval Patrick establishes a commission to study a possible tax credit to offset the 2.3% excise tax on U.S. medical device sales for the Bay State's medtech cluster.

Massachusetts mulls tax credit to offset medical device tax

Updated July 30, 2014 with comment from MassMEDIC

Massachusetts Gov. Deval Patrick is establishing a special commission to study granting a tax credit to the Bay State's medical device companies to offset the medical device tax.

Exclusive: IRS collected $1.4B in medtech excise tax payments in 2013

July 28, 2014 by Brian Johnson

The IRS calculates that medtech companies paid the federal government $1.4 billion in medical device excise taxes in 2013, according to a response to a Freedom of Information Act request by MassDevice.com.

MassDevice.com coverage of the medical device tax

Medical device companies ponied up $1.4 billion in excise tax payments to the federal government in 2013 to pay for Obamacare, according to documents supplied to MassDevice.com by the Internal Revenue Service.

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Medtronic's medical device tax bill was $112M

June 20, 2014 by Brad Perriello

Medtronic says it paid out $112 million during fiscal 2014 for the medical device tax enacted as part of Obamacare, or nearly 4% of total profits.

Medtronic's medical device tax bill was $112M

Medtronic (NYSE:MDT) said today that it paid out $112 million for the medical device task during fiscal 2014, representing a nearly 4% hit to the bottom line.

The world's largest pure-play medtech company shelled out $21 million during fiscal 2013, according to regulatory filings. Medtronic's fiscal year closes near the end of April.

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Medtronic's OUS move becomes a political football | MassDevice.com On Call

June 17, 2014 by Arezu Sarvestani

Medtronic's pending acquisition of Covidien will see the company's headquarters moved to Ireland, and one political hopeful is blaming the Obama Administration for chasing innovation out of the U.S.

MassDevice.com On Call
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