Thursday, December 6, 2012

Final IRS Device Tax Rule Changes Little From Draft As Industry Focuses On Repeal Effort


Final IRS Device Tax Rule Changes Little FromDraft As Industry Focuses On Repeal Effort-thegraysheet: Though the IRS final regulation offers some wins for industry, manufacturers continue to seek repeal of the device tax. The Internal Revenue Service’s final regulation to implement the 2.3% excise tax on U.S. device sales was issued yesterday, providing needed guidance to manufacturers, but industry remains squarely focused on getting rid of the tax, which they see as a job and innovation killer