Replies to post #35572 on CSMG Technologies, Inc (fka CTGI)

[sojourner]

Re: "I don't think its anything like an "excess in government regulations"

Have you forgotten the 2010 US law that "imposes a crippling 10-year, $20 billion tax on revenues — not on profits — earned by companies that make medical devices."?

"The tax is prompting American companies to shed jobs, move factories overseas and reconsider niche-market research projects..."

http://dailycaller.com/2011/11/16/health-care-law-threatens-to-cripple-medical-device-companies/

What with the political thorn bushes of the byzantine FDA bureaucracy and crushing taxes like these, it's no wonder Paton is taking his invention to China, India, and Russia.