Tuesday, September 11, 2012
New taxes in health care act impact California Medical Device Manufacturers
My most recent article appears in the Los Angeles Daily Journal dated August 31, 2012. It deals with the new medical device tax and what manufacturers need to do in order to plan for it. There are lots of subtle issues to be addressed regarding the implementation of this tax, including transfer pricing issues. Well advised medical device manufacturers should speak to their counsel regarding such tax. A link to the article appears here.
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A 2.3% overall excise tax sounds fair to both manufacturers and the government; although there are other factors to work out regarding this medical device tax. Hopefully, every argument will be cleared out before it takes effect at the last day of the year.
ReplyDeleteClemencia Summers