Medtronic: Medtronic Heart Monitors Are Taxable, California Court Rules
Medtronic USA Inc.'s implantable heart monitors don't qualify as "medicines" exempt from sales tax, a California appeals court ruled Thursday, meaning the company won't get a $3.33 million refund from the state.
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Medtronic is an Ireland-based medical device company that manufactures and supplies therapeutic and diagnostic equipment to treat chronic diseases across the globe.
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