The industry already has paid the IRS about $388 million since the 2.3% medical device tax went into effect in January, shifting funds that could otherwise be used to create jobs and advance research and development, writes Siemens Healthcare CEO Greg Sorensen in this article. The passage of the Senate budget amendment to repeal the tax is a key step toward reversing its adverse effects and preserving U.S. leadership in the global medtech industry, he writes.
Device-tax repeal will keep U.S. edge in global medtech, exec says
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