Medical Product Co. Liable For ACA Tax, Judge Says

Law360, New York (December 5, 2013, 6:14 PM EST) -- A Georgia federal judge ruled Wednesday that a medical product company cannot pass the cost of the Affordable Care Act’s medical device tax on to a distributor that purchases its products under contract, saying a fair interpretation of the ACA indicates that the tax falls on manufacturers.

U.S. District Judge Thomas W. Thrash said the plain language of the ACA indicates that the tax is applicable to manufacturers, handing a win to medical device distributor Medline Industries Inc., which had battled with medical adhesive company Chemence...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.