Medical Device Tax http://medicaldesign.com/taxonomy/term/7414/more en Medical Device Tax Leads to Lost Jobs, Survey Says http://medicaldesign.com/medical-device-tax/medical-device-tax-leads-lost-jobs-survey-says <div class="field-byline"> Sarah Mangiola </div> <div class="node-body article-body"><div></div>After one year, the Medical Device Tax has led to cuts in jobs, R&D, and U.S. investments. AdvaMed surveyed different companies, with most being negatively impacted by the 2.3% tax. </div> <p><a href="http://medicaldesign.com/medical-device-tax/medical-device-tax-leads-lost-jobs-survey-says" target="_blank">read more</a></p> http://medicaldesign.com/medical-device-tax/medical-device-tax-leads-lost-jobs-survey-says#comments Medical Device Tax Thu, 20 Feb 2014 20:45:00 +0000 11391 at http://medicaldesign.com <p>58% of respondents said they would consider reducing employment if the device tax were not repealed.</p> Medtech surpasses $1 billion in device-tax payments http://medicaldesign.com/medical-device-tax/medtech-surpasses-1-billion-device-tax-payments <div class="node-body article-body"><div></div>The Medical Imaging & Technology Alliance (MITA), the Advanced Medical Technology Association (AdvaMed), and the Medical Device Manufacturers Association (MDMA) announced that medical device manufacturers have now paid an estimated $1 billion to the Internal Revenue Service for the medical device excise tax. A joint news release states, “In reaching this threshold, the device tax has denied device manufacturers the resources that would have otherwise been available to invest in research and development (R&D), capital investments and to support good-paying jobs across America.”</div> <p><a href="http://medicaldesign.com/medical-device-tax/medtech-surpasses-1-billion-device-tax-payments" target="_blank">read more</a></p> http://medicaldesign.com/medical-device-tax/medtech-surpasses-1-billion-device-tax-payments#comments Medical Device Tax Tue, 16 Jul 2013 14:40:00 +0000 8981 at http://medicaldesign.com Could device-tax repeal be blowing in the wind? http://medicaldesign.com/blog/could-device-tax-repeal-be-blowing-wind <div class="node-body blog-body"><div></div>Recognizing that in order to repeal the Affordable Care Act’s 2.3% medical device tax, there likely needs to be a means for financing such a move, the National Center for Public Policy Research’s Free Enterprise Project (FEP) is promoting a solution could be more than just a lot of hot air.</div> <p><a href="http://medicaldesign.com/blog/could-device-tax-repeal-be-blowing-wind" target="_blank">read more</a></p> http://medicaldesign.com/blog/could-device-tax-repeal-be-blowing-wind#comments Medical Device Tax Free Enterprise Project medical-device tax National Center for Public Policy DoubleTake Mon, 13 May 2013 17:47:00 +0000 8371 at http://medicaldesign.com Bipartisan support to repeal device tax hits critical milestone http://medicaldesign.com/blog/bipartisan-support-repeal-device-tax-hits-critical-milestone <div class="node-body blog-body"><div></div>Good news came out of the House today for the medical device industry. Representative Erik Paulsen (MN), member of the House Ways and Means Committee, issued the following statement after his legislation to repeal the 2.3% excise tax on US-made medical devices gained its 218th cosponsor, giving the bill enough support to pass the U.S. House.</div> <p><a href="http://medicaldesign.com/blog/bipartisan-support-repeal-device-tax-hits-critical-milestone" target="_blank">read more</a></p> http://medicaldesign.com/blog/bipartisan-support-repeal-device-tax-hits-critical-milestone#comments Medical Device Tax Medtech Insights Tue, 09 Apr 2013 21:36:00 +0000 7961 at http://medicaldesign.com AdvaMed to IRS: Issues continue to arise as device companies implement tax http://medicaldesign.com/medical-device-tax/advamed-irs-issues-continue-arise-device-companies-implement-tax <div class="node-body article-body"><div></div>AdvaMed has submitted a 20-page letter to the IRS detailing difficulties presented by the tax and recommending ways to achieve “effective implementation without undue burden on the medical device industry.” </div> <p><a href="http://medicaldesign.com/medical-device-tax/advamed-irs-issues-continue-arise-device-companies-implement-tax" target="_blank">read more</a></p> http://medicaldesign.com/medical-device-tax/advamed-irs-issues-continue-arise-device-companies-implement-tax#comments Medical Device Tax Mon, 08 Apr 2013 20:24:00 +0000 7831 at http://medicaldesign.com Growing momentum for medical device tax repeal http://medicaldesign.com/blog/growing-momentum-medical-device-tax-repeal <div class="node-body blog-body"><div></div><p> AdvaMed has announced that the repeal of the medical device tax has passed another hurdle with the adoption of an amendment to the Fiscal Year 2014 Senate Budget Resolution that expresses support for repeal of the medical device tax. The amendment passed with 79 votes. AdvaMed, the Medical Imaging Technology Association, and MDMA are all encouraged by&nbsp;what&nbsp;they call a&nbsp;&quot;vote of confidence,&quot;<br /> &nbsp;</p></div> <p><a href="http://medicaldesign.com/blog/growing-momentum-medical-device-tax-repeal" target="_blank">read more</a></p> http://medicaldesign.com/blog/growing-momentum-medical-device-tax-repeal#comments Medical Device Tax Medtech Insights Fri, 22 Mar 2013 12:53:00 +0000 7621 at http://medicaldesign.com AdvaMed ‘just says no’ to device tax—again http://medicaldesign.com/blog/advamed-just-says-no-device-tax-again <div class="node-body blog-body"><div></div><p> <a href="http://www.advamed.org">AdvaMed</a> once again takes its &ldquo;no tax&rdquo; message to the Hill&mdash;this time to the House Ways and Means Committee. The association provided written testimony for the committee&rsquo;s hearing March 5 on tax provisions in the Affordable Care Act. They spelled out&mdash;again&mdash;the successes of the medtech industry: higher wages and growing employment.</p></div> <p><a href="http://medicaldesign.com/blog/advamed-just-says-no-device-tax-again" target="_blank">read more</a></p> http://medicaldesign.com/blog/advamed-just-says-no-device-tax-again#comments Medical Device Tax Medtech Insights Wed, 20 Mar 2013 05:48:00 +0000 7601 at http://medicaldesign.com Bipartisan legislation in House and Senate may be critical to repeal of dreaded device tax http://medicaldesign.com/medical-device-tax/bipartisan-legislation-house-and-senate-may-be-critical-repeal-dreaded-device-tax <div class="node-body article-body"><div></div>Now that the medical device tax has been implemented and device makers have already made their first payment to the IRS, the focus has turned to getting this thorn in their side repealed. They have gained some support in that effort, and AdvaMed says that legislation introduced in the US House of Representatives and the Senate shows the growing bipartisan support for repealing the medical device tax.</div> <p><a href="http://medicaldesign.com/medical-device-tax/bipartisan-legislation-house-and-senate-may-be-critical-repeal-dreaded-device-tax" target="_blank">read more</a></p> http://medicaldesign.com/medical-device-tax/bipartisan-legislation-house-and-senate-may-be-critical-repeal-dreaded-device-tax#comments Medical Device Tax Regulatory News Mon, 11 Feb 2013 14:31:00 +0000 5337 at http://medicaldesign.com Bipartisan legislation introduced to repeal device tax http://medicaldesign.com/blog/bipartisan-legislation-introduced-repeal-device-tax <div class="node-body blog-body"><div></div>Now that the medical device tax has been implemented and device makers have already made their first payment to the IRS, the focus has turned to getting this thorn in their side repealed. They have gained some support in that effort, and AdvaMed says ...</div> <p><a href="http://medicaldesign.com/blog/bipartisan-legislation-introduced-repeal-device-tax" target="_blank">read more</a></p> http://medicaldesign.com/blog/bipartisan-legislation-introduced-repeal-device-tax#comments Medical Device Tax Medtech Insights Thu, 07 Feb 2013 21:16:00 +0000 6633 at http://medicaldesign.com Industry braces for another medical device tax http://medicaldesign.com/blog/industry-braces-another-medical-device-tax <div class="node-body blog-body"><div></div>Puerto Rico has dealt an unexpected blow to the US medical device industry with a proposed increase of a tax that was originally planned to decrease. Puerto Rico's announcement comes at a time when device makers are weary from battling implementation of ...</div> <p><a href="http://medicaldesign.com/blog/industry-braces-another-medical-device-tax" target="_blank">read more</a></p> http://medicaldesign.com/blog/industry-braces-another-medical-device-tax#comments Medical Device Tax Medtech Insights Mon, 04 Feb 2013 20:32:00 +0000 3253 at http://medicaldesign.com