Beyond The Medical Device Tax (Worcester Business Journal)
Last month, when Michigan medical device maker Stryker Corp., which has operations in Hopkinton, announced plans to reduce its worldwide workforce by 5 percent, it didn’t take long for observers to connect the cuts to a federal tax on medical device makers scheduled to take effect in 2013.
The state industry publication Mass Device headlined its story “Stryker plans to lay off 5% of its workforce ahead of the med-tech tax.” Other news sources quoted business and political leaders who cited the layoffs as a reason to rethink...
