Feds issue proposed rules on device tax definitions, exemptions

02/5/2012 | MassDevice.com (Boston)

The Internal Revenue Service has issued guidelines on who must pay a 2.3% tax set to take effect in January 2013, creating certain exemptions for early-stage device firms and addressing double-tax concerns among importers and manufacturers. The news didn't sit well with industry supporters, and Rep. Erik Paulsen, R-Minn., called for an urgent repeal of the "job-crushing tax."

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MassDevice.com (Boston)

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