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TOPIC: Does the U.S. medical device tax get repealed ?

Does the U.S. medical device tax get repealed ? 03 Apr 2013 19:24 #362

  • myownhedgefund
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Since our US sales are small at this point it may not matter near term but found this tidbit tonight

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Meanwhile, 79 senators including several liberal lawmakers recently voted to repeal a new tax on medical devices contained in the health care law following a similar vote in the House.

"The House and the Senate agreeing? This is a harmonic convergence, it doesn't happen," said former Democratic Sen. Evan Bayh. "But on this it's happened because the adverse consequences to our economy and the quality of health care are so apparent."

The two separate votes have not become law but show widespread opposition to the 2.3 percent sales tax on medical devices. Critics say the law is unfair to the industry since it's a tax on gross sales -- meaning it adds up to a much bigger percentage of a company's profits.
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Unknown if anything ever comes of it .
Now votes to over haul the FDA would really be interesting

:nice:

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Does the U.S. medical device tax get repealed ? 05 Apr 2013 09:42 #363

  • fas
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Yes- that would be nice if the legislation is nullified.

On the other hand with gross margins of 60-80% for innovative stuff I would think it does not matter all that much. Probably is more relevant for the commodity type stuff, where a lot of companies compete over the price lever.

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