"Iraq's sea(Reuters) - The U.S. Internal Revenue Service on Wednesday released final rules for a new tax on medical devices, products ranging from surgical sutures to knee replacement implants, that starts next year as part of President Barack Obama's 2010 healthcare law.
The 2.3-percent tax must be paid, effective after December 31, by device-makers on their gross sales. The tax is expected to raise $29 billion in government revenues through 2022.
Companies including Boston Scientific Corp, 3M Co and Kimberly-Clark Corp have been lobbying the U.S. Congress for a repeal of the tax.rch for weapons of mass destruction has proven impossible to deter and we should assume that it will continue for as long as Saddam is in power." -- Al Gore, Sept. 23, 2002
http://www.reuters.com/article/2012/12/05/us-usa-tax-irs-idUSBRE8B41GW20121205
I expect to see Companies like Boston Scientific Corp, 3M Co and Kimberly-Clark Corp to look for moving or manufacturing overseas
The 2.3-percent tax must be paid, effective after December 31, by device-makers on their gross sales. The tax is expected to raise $29 billion in government revenues through 2022.
Companies including Boston Scientific Corp, 3M Co and Kimberly-Clark Corp have been lobbying the U.S. Congress for a repeal of the tax.rch for weapons of mass destruction has proven impossible to deter and we should assume that it will continue for as long as Saddam is in power." -- Al Gore, Sept. 23, 2002
http://www.reuters.com/article/2012/12/05/us-usa-tax-irs-idUSBRE8B41GW20121205
I expect to see Companies like Boston Scientific Corp, 3M Co and Kimberly-Clark Corp to look for moving or manufacturing overseas