Category: Medical Device TaxSyndicate content

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

Report: New tax hasn't hurt medtech R&D | MassDevice.com On Call

May 23, 2014 by Arezu Sarvestani

A look at some of the top medical device companies suggests that the long-lamented medical device tax hasn't had much of an impact on their research & development budgets.

MassDevice.com On Call

MASSDEVICE ON CALL — Despite repeated warnings and laments, the medical device tax implemented with healthcare reform hasn't appeared to make much of a dent in the industry's research & development activities, according to a small report.

Senate Republicans block tax bill over medical device tax

May 16, 2014 by Brad Perriello

Senate Republicans looking to include an amendment to repeal the medical device tax voted to block the tax extenders bill.

Senate Republicans block tax bill over medical device tax

Senate Republicans, infuriated over Democrats' refusal to allow amendments to a bill that would extend some tax cuts, voted to block the tax extenders bill yesterday.

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Medtech tax: GOP won't take 'no' for an answer

May 14, 2014 by Arezu Sarvestani

Senate Majority Leader Harry Reid (D-Nev.) isn't looking friendly to new efforts to add a medical device tax repeal amendment to a tax credit extension bill taking shape now, but Republican lawmakers aren't ready to back down.

GOP pushes device tax repeal in extenders bill

Republicans aren't ready to back down from efforts to strike the medical device tax, even as insiders say that there's no way a repeal measure will make it into a tax credit extension bill taking shape now in the Senate.

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Medical device tax repeal won't make it into tax cut extenders bill | MassDevice.com On Call

May 14, 2014 by Brad Perriello

An amendment to repeal the 2.3% sales tax on medical devices isn't likely to be included in pending legislation to extend tax cuts, according to Beltway insiders.

MassDevice.com On Call

MASSDEVICE ON CALL — There will be no bid to repeal or postpone the medical device tax in the legislation under debate in Washington to extend certain tax cuts, according to the Connect public policy blog.

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