Medical device firms object to fiscal-cliff's new sales tax - Press of Atlantic City: Southern New Jersey Business & Money - PressofAtlanticCity.com

Medical device firms object to fiscal-cliff's new sales tax

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Posted: Sunday, January 13, 2013 12:02 am

Many in the medical device sector industry say promising companies are likely to move offshore or reduce their operations to weather a 2.3 percent excise tax on revenues that took effect Jan. 1 and wasn’t part of the congressional fiscal-cliff deal.

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