Device Tax’s Retail Exemption Open to Interpretation: Experts
Companies preparing to comply with the Jan. 1, 2013, imposition of the medical device excise tax face significant stumbling blocks because the Internal Revenue Service (IRS) has yet to issue a final regulation on how the tax will be applied and is not expected to do so before the November elections, according to a panel of tax experts at the AdvaMed 2012 conference here.
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