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Device Firms Seek More Exemptions, Pricing Flexibility For Oncoming Excise Tax

Written comments were due May 7 on the Internal Revenue Service’s proposed regulation to implement a 2.3% excise tax on device sales in the lead-up to a May 16 public hearing.

Industry is pushing for more exemptions from an oncoming 2.3% excise tax on U.S. device sales, and more flexibility on what sales price is actually taxed compared to what the Internal Revenue Service outlined in a proposed rule

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• By Amanda Maxwell

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GE HealthCare Warns Of $500M Tariff Hit In 2025, Eyes Recovery in 2026

 
• By Shubham Singh

GE HealthCare anticipates most of the $0.85 EPS tariff impact will play out in the second half of 2025. Jay Saccaro, vice president and CFO, said the tariff-related burden is minimal in Q1 at about $10 million, rising to nearly $100 million in Q2 and then spiking to around $200 million each in Q3 and Q4.

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• By Marion Webb

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