Medical Device Tax Non-Binding Resolution

From our Lobbyist – John Weinfurter
Please note the following medical device tax non-binding resolution. 

Background & Context:

The Senate gave sweeping bipartisan approval in a vote of 79-20 Thursday night on an amendment by Sen. Orrin Hatch (R-UT) and Sen. Klobuchar (D-MN) to repeal the 2.3% tax on sales of pacemakers, surgical tools and other devices. Strikingly, 34 lawmakers who caucus with the Democrats signed onto the repeal, including many who created the tax by voting for the 2010 Affordable Care Act. Continue Reading…

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IAMERS 20th Anniversary Meeting Schedule Announced

Thursday May 2

8:30am // Breakfast and Keynote Speaker
Dr. Giuseppe Ammendola // Economics Professor at NYC
Does the Global Economy Affect Your Business?

10:00am // Washington Update
Casper Uldriks, Esq. // OFW, Washington, DC
A Review of Legislative Changes Impacting Our Industry Continue Reading…

Senate Passes Non-Binding Measure to Repeal Medical Device Tax

The U.S. Senate passed a non-binding amendment to the FY 2014 Budget Resolution that called for the repeal of the medical device tax, if a suitable offset can be identified. This is the first vote on the repeal of the medical device tax taken by the Senate, and its passage signals an important development in overall efforts to have the tax fully repealed. Continue Reading…

Supreme Court Rules Goods Made Overseas Can Be Resold in U.S.

Since 1908, under the “First Sale Doctrine” a buyer could commonly resell equipment even though the seller had a copyright on the equipment. The recent case decided by the U.S. Supreme Court involved a native of Thailand, Supap Kirtsaeng, who discovered that the textbooks that he was required to purchase from Cornell University’s bookstore, could in fact be purchased much cheaper from another source in Thailand. Continue Reading…

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