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ACA Medical Device Tax Not Meeting Revenue Goal
The Hill Link to more items from this source
Aug. 20, 2014
"A tax imposed on medical devices included in the [ACA] is raising roughly three-quarters of the revenue originally expected, according to a new government report.... The Treasury Inspector General for Tax Administration (TIGTA) said the IRS needs to continue to tweak its compliance rules for the tax, identifying several mistakes when it came to collecting money owed the government. IRS agents were still having a hard time determining exactly which medical device manufacturers were subject to the tax; both the returns filed and revenue raised have come in well short of expectations."

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