Device tax: Jobs, R&D likely sacrifices in the face of tax burden, survey shows

March 14, 2012 by MassDevice staff

A small survey of Massachusetts medical device makers finds that jobs and research funding are likely targets for cost-cutting in the face of the 2.3% medical device excise tax set to take effect in 2013.

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Massachusetts medical device executives forecast job losses and budget-cutting for research & development efforts, as the industry nears the launch date of a 2.3% medical device excise tax.

Half of the 42 senior executives surveyed in the Bay State said they would slash R&D budgets and 25% said they would cut jobs at home and outsource manufacturing to lower-cost areas.

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