For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
Proposed regulations from the IRS on the 2.3 percent excise tax on medical devices, designed to generate $20 billion as part of the Patient Protection and Affordable Care Act, will fire up congressional legislative efforts to repeal the tax, analysts tell Bloomberg BNA. Although several measures have been introduced for a repeal, one bill by Rep. Paulsen continues to gain momentum, and industry analysts said there is talk of a vote on the House measure this year before the tax can be fully implemented. “We have time to fix this, and it's related to jobs, it's related to health care … so it's in the sweet spot for where our conference wants to be and what we should be talking about,” Paulsen says. In the proposed rule, IRS says manufacturers excise taxes will generally apply to the 2.3 percent tax on sales of taxable medical devices. Chapter 32 definitions of manufacturer and importer generally apply, while facts and circumstances will be used in determining such roles when more than one person is involved in the manufacture or importation of an item. “The substance rather than the form of the transaction is determinative,” IRS says.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)