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Medical device industry applauds US tax suspension

from Medical Plastics News

After strong opposition from a range of medical device manufacturers and politicians, US Congress agreed to pass a stopgap bill for the medical device tax. The tax will now resume on Jan. 1, 2020 and is expected to cost the federal government almost $4 billion during that period. The medical device tax resumed at the start of January and would place a 2.3 percent tax on any sales of medical devices. more

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