Tag Archive
Australia: Budget Holds Few Changes
The measures announced in Australia’s Federal Budget, largely took effect on 1 July 2010. Australia’s Treasurer, Wayne Swan, handed down the Federal Budget on 11 May 2009. The Budget included some measures that may impact individuals – including those on international assignments – and multinational employers. »
United Kingdom: Emergency Budget June 2010
On 22 June 2010, the Chancellor of the Exchequer presented the UK Emergency Budget 2010, following the election in May that resulted in a change of government, with the UK now led by a Conservative-Liberal Democrat coalition. In this Alert we have set out the main points of the Budget speech of interest to... »
New Zealand: 2010 budget focuses on significant tax reform
The 2010 budget released by the Government on Thursday, 20 May 2010 announced a package of significant tax changes which will come into effect on a number of dates. The changes are included in legislation which was introduced into Parliament immediately following the Budget. »
New Budget Unveiled in New Zealand
New Zealand Finance Minister Bill English, on 20 May 2010, unveiled his second Budget – Building the Recovery – which reforms the tax system in the strong belief that a change is required to encourage work and saving. »
Portuguese Budget for 2010
The Portuguese government has approved the State Budget Law for 2010 (Lei do Orçamento do Estado para 2010).As of this writing, the law has been approved by Parliament but not yet published in the official journal (“Diário da Republica,” which is available electronically at: http://www.dre.pt/). Below is briefly described the main changes in the law... »
UK: 2010 Budget Speech Delivered
The 2010 UK Budget speech was delivered on 24 March 2010. This newsletter covers the various proposals and measures in the Budget concerning individuals, including income tax rate/threshold and allowances adjustments; matters concerning the bank payroll tax; anti-avoidance; and others. »
Hong Kong Presents 2010/2011 Budget
Hong Kong’s Financial Secretary, Mr. John Tsang, delivered his third budget speech of the current government to the Legislative Council on 24 February 2010. »
Singapore Budget for 2010
On 22 February 2010, Mr. Tharman Shanmugaratnam, Singapore’s Minister for Finance, delivered the Budget Statement for the Financial Year 2010.1 We highlight below those measures affecting individuals that were announced in the budget. (All dollar figures expressed are Singapore dollars.) »
South Africa Unveils 2010/2011 Budget
The budget measures proposed affect individuals, including changes to the rates and thresholds, exemptions, allowances, and the treatment of certain company fringe benefits, as well as certain administrative and payment of tax proposals. »
U.S. and Budget for FY 2011
On February 1, 2010, U.S. President Barack Obama released his administration’s budget proposals for fiscal year 2011 (beginning October 1, 2010). The U.S. Congress is responsible for drafting the relevant statutory language and for approving the measures included in the budget. »