First Device Tax Deposits Due Next January
This article was originally published in The Gray Sheet
Executive Summary
Although medical device taxes will need to be paid quarterly, the first deposits are due soon after the tax takes effect next January, KPMG tax experts say.
You may also be interested in...
St. Jude Medical Tags Device Tax As Acquisition Opportunity-Maker
The company is maintaining reserves so it can move forward with beneficial acquisition opportunities as they arise, opportunities that St. Jude executives think might become more frequent next year with the 2.3% device tax in place.
Health Care Reform Spending Much Lower Than Originally Estimated, Sebelius Testifies
HHS Secretary Kathleen Sebelius defends fiscal 2013 budget, telling a House subcommittee that implementing the Affordable Care Act has so far cost only a fraction of the $1 billion per year originally forecast by the Congressional Budget Office.
Device Tax Repeal As Tax Reform: AdvaMed Makes The Case
AdvaMed aims to “decouple” discussion of the device tax from the health care reform debate and link its repeal to broader efforts focused on improving the U.S. tax system.