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The Union Finance Minister presented the Union Budget 2023 and proposed the Finance Bill, 2023 in the Lok Sabha on February 1, 2023. An overview of post-budget Customs and Central [...]

Byline: Adam Taylor Britain is staring down the barrel of a self-inflected economic catastrophe. This week saw the pound fall to an all-time low against the dollar amid a mass [...]

Byline: TIM CESTNICK TAX MATTERS You may recall that the 2022 federal budget introduced a new type of registered savings plan, called the Tax-Free First Home Savings Account (FHSA). On [...]

On 15 December 2022, the Luxembourg Parliament approved budget bill n° 8080, for 2023, which had been presented on 12 October 2022 by the Luxembourg Government (the Budget Bill). Despite [...]

M2 PRESSWIRE-November 23, 2022-: Autumn Finance Bill 2022 published (C)1994-2022 M2 COMMUNICATIONS RDATE:22112022 The Autumn Finance Bill 2022 was published today (22 November 2023), legislating for a key tax changes [...]

After the economic turmoil which followed Kwasi Kwarteng's 'mini-budget', delivered not even two months ago, the pressure was on for Jeremy Hunt to deliver his Autumn Statement in a manner [...]

THE BIG PICTURE Congressional Overview By Liam Donovan American voters delivered a decidedly mixed message to Washington on Tuesday, seemingly handing Republicans narrow control of the U.S. House of Representatives [...]

Earlier this year, the federal government released its budget for 2022 (the '2022 Budget').1 Amongst numerous significant expenditures in the 2022 Budget is the provision for a national dental care [...]

On 10 October, the Government submitted the State Budget Law Proposal for 2023Parliament Bill 38/XV/1st to the Portuguese Parliament. This budget proposal comes in a demanding economic environment that is [...]

Budget as a central policy document of government will show how government will prioritise and achieve its annual and multi-annual objectives. Apart from financing new and existing programmes, the budget [...]

Key points The Albanese Government's first budget, handed down on 25 October by Treasurer Jim Chalmers, provides for substantial boosts in funding for ASIC, APRA and AUSTRAC: > The budget [...]

On 25 October 2022, Federal Treasurer Jim Chalmers introduced his - and the new Labor Government's - inaugural budget. While it may feel unusual to be talking about a Federal [...]

The Malta Budget, delivered by the Minister for Finance and Employment, Hon. Clyde Caruana, took place on the 24th of October 2022. Here is a summary of the key highlights [...]

Following the Government's second U-turn on 14 October 2022 (on the rate of corporation tax) and the appointment of Jeremy Hunt as new Chancellor (on which we reported here), the [...]

On 27 September 2022, the Irish Minister for Finance presented Budget 2023 (the 'Budget') which included a statement reaffirming Ireland's commitment to the OECD's proposed global minimum effective corporate tax [...]

Byline: DONNA SPENCER; THE CANADIAN PRESS The Canadian government has put Hockey Canada under the microscope. Sports Minister Pascale StOnge has ordered a financial audit of an out-of-court settlement involving [...]

Byline: RACHELLE YOUNGLAI; Staff Home builders are warning that Ottawa's new $4-billion fund to help municipalities move faster on new home approvals faces significant hurdles in speeding up the pace [...]

Byline: ERICA ALINI; Staff A day after the 2022 federal budget revealed more details about a new tax-advantage account to help first-time home buyers save for down payments in an [...]

Byline: ANDREW COYNE; Staff The Trudeau government plainly intends this budget to be taken as the moment it pivoted from 'stimulus' to 'investment,' or from boosting demand, the total amount [...]

Byline: BILL CURRY; Staff OTTAWA -- Finance Minister Chrystia Freeland says there are still many details to work out with the provinces before Ottawa can deliver on the $5.3-billion dental [...]

Byline: Rachel Siegel and Alyssa Fowers WASHINGTON - President Joe Biden unveiled a nearly $6 trillion budget plan on Monday that seeks to slim future borrowing, increase spending for defense [...]

Byline: Jeff Stein WASHINGTON -- The White House will unveil a new minimum tax targeting billionaires as part of its 2023 budget Monday, proposing a direct tax on the richest [...]

The Irish Minister for Finance presented the Budget 2023 (the 'Budget') on 27 September 2022. This is the annual statement on the proposed Irish government tax measures and budgetary expenditure. [...]

Will the most ambitious growth plan in recent memory succeed or just leave a black hole in public finances? A summary of tax measures announced or confirmed at the 2022 [...]

A Introduction On 29 July 2022, the Mauritian Parliament passed the Finance (Miscellaneous) Provisions Act 2022 (the 'FA 2022'), which enacts into law the measures announced by the Honourable Minister [...]

On 31 December, 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now the Finance Act, 2021) into law. The principal aim of the Finance Act, 2021 ('the FA') is [...]

The Budget Implementation Act, 2022, No. 1 (the Act), first introduced on April 28, 2022, received royal assent on June 23, 2022. The Act largely implements some of the tax [...]

On June 23, 2022, Bill C-19, Budget Implementation Act, 2022, No. 1 received Royal Assent (Bill C-19). Bill C-19 implements certain tax measures announced in Budget 2021 and Budget 2022, [...]

The State Budget Law for 2022, Law 12/2022 of 27 June ('SBL2022') was published on 27 June 2022 and came into force on the following day. SBL2022 is framed in [...]

''A new age of optimism'' is coming, said Chancellor Rishi Sunak, while inflation and shortages still bedevil the country. LONDON -- Britain's top finance official laid out a vision for [...]

The authors of the sprawling legislation believe that even if the new programs are temporary, their benefits will become so popular that Congress will keep them. History shows they are [...]

The Minister of Finance today presented the Union Budget (Budget) for financial year (FY) 2022-231 in the Lok Sabha (the lower house of India's Parliament).  This Budget seeks to lay [...]

As explained in our recent insight on the 2022 Canadian Federal Budget, on April 7, 2022, the Federal Government of Canada released Budget 2022: A Plan to Grow Our Economy [...]

The Federal Election has been called for later this month, and it is consequently an important time to reflect on the current state of affairs regarding tax and superannuation legislation. [...]

UNION BUDGET 2022-23: EXPECTATIONS Finance Minister Nirmala Sitharaman is set to unveil Union Budget for the fiscal year 2022-23 on February 1, 2022. This is the second Budget to be [...]

The Australian Government recently announced as part of the 2022-23 Federal Budget that it will invest $50.3 million towards seven domestic gas storage and supply projects. The announcement comes at [...]

On April 13, 2022, McCarthy Tétrault hosted a panel (which can be viewed here) reflecting on the regulatory and policy impacts on doing business in Canada after Finance Minister Chrystia [...]

INTRODUCTION Recently, the Government of India announced its Union Budget for the financial year 2022-2023 with an estimated economic growth of 9.2%. The term 'Budget' generally used by various governments [...]

PART 2: CCUS INVESTMENT TAX CREDIT As noted in Part 1 of this blog post, available here, the release of the federal government's 2022 budget (the '2022 Budget') highlights the [...]

In its recently-released Annual Budget (the Budget), the government of Canada announced a number of measures expected to impact the financial services industry, including key changes to financial sector legislation [...]

The 2022 Federal Budget (Budget 2022), which was released on April 7, 2022, contains some significant changes directed at charities. Of key importance to the broader charitable sector are two [...]

Summary On April 7, 2022, the Government of Canada released its budget for the upcoming 2022 fiscal year (the 'Budget'). Formally titled Budget 2022: A Plan to Grow our Economy [...]

On April 7, 2022 (Budget Day), the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party's federal budget (Budget 2022), the second budget [...]

The 2022 federal budget (the 'Budget') includes a number of measures directed to the financial services sector, including measures in respect of anti-money laundering ('AML'), complaints handling, interchange fees, and [...]

The Minister of Finance (Canada), the Honourable Chrystia Freeland, presented the Government of Canada's (the 'Federal Government') 2022 Federal Budget ('Budget 2022') on April 7, 2022 ('Budget Day'). Budget 2022 [...]

Federal Budget 2022 (Budget 2022) is a budget of optimism after two years of recession, pandemic, and now geopolitical instability. It speaks of the recovery of all jobs lost during [...]