New research shows companies cut funding for research and development in response to a tax imposed on medical devices as part of the Affordable Care Act. The study found the tax reduced R&D investment by $34 million and also negatively affected sales revenue, gross margins and earnings.
from Top Technology News -- ScienceDaily https://ift.tt/2sIt5V9
Tuesday, 5 June 2018
Tax hurts investment in medical device research and development
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