Federal Budget

News & Analysis as of

Client Update: Technology And Sourcing Update

POST BUDGET - What it means for digital innovation and emerging technology: The theme of the 2015 Budget encourages Australian Government entities to proactively reform the way they do business. Specifically,...more

Australian Tax Update: Australian Budget 2015-2016

The Australian Government has released a measured but significant 2015-2016 Federal Budget. The three main tax changes include a focus on multinational tax avoidance by introducing new targeted non-resident anti-avoidance...more

Employment Update: Federal Budget 2015 Changes To The Paid Parental Leave Scheme

The Federal Government has announced as part of the Federal Budget radical changes to the interplay between the current government funded parental leave scheme and any similar paid schemes operated by employers. Under...more

[Event] BakerHostetler 26th Annual Legislative Seminar - June 10, Washington, D.C.

Please join us on Wednesday, June 10, 2015, for the 26th Annual Legislative Seminar in Washington, D.C., a one-day program focused on tax, budget, financial services, banking, healthcare, energy, and technology....more

Congress Passes Budget Resolution Conference Report with ACA, Medicare Provisions

On May 5, 2015, the Senate approved the conference report to accompany S.Con.Res. 11, the concurrent resolution setting forth the federal budget for FY 2016 and establishing budgetary target levels for FYs 2017 through 2025,...more

U.S. Senate Passes $1.12 Trillion 2016 Budget Plan

On May 5, 2015, the U.S. Senate voted 51-48 to pass a $1.12 trillion bicameral 2016 budget resolution. The resolution passed the House on April 30, 2015. The resolution is non-binding and operates as a broad spending plan...more

Federal Budget 2015: What it Means for Employers

On 12 May 2015, Treasurer, Joe Hockey, delivered the Coalition Government's second budget. A key part of the budget is the Government's AUD5.5 billion 'Jobs and Small Business' package, aimed at assisting small businesses and...more

Washington Healthcare Update

This Week: Congress Agrees on Budget Framework... FDA Launches Global Unique Device Identification Database (GUDID)... POTUS Nominates DeSalvo to Serve as Assistant Secretary for Health....more

Regulation of Money Remittances – Gaining Traction?

One of the proposals announced in the federal budget last week was the introduction of measures to help ensure Canadians have access to safe, reliable and lower-cost remittance services. Recognizing that international...more

Canada’s Federal Budget 2015: A Significant Boost to Canadian LNG and Resources

In its last budget before a fall election, the Canadian federal government made a number of new spending commitments in energy and resources area, and also made significant changes to the tax and financing regime for...more

2015 Federal Budget – Financial Services Highlights

Finance Minister Joe Oliver tabled his first budget on April 21, 2015 (Budget). Several proposals in the Budget will be of interest to financial services clients, including proposals for a consumer protection framework for...more

Buried in Budget: CBCA Amendments Proposed

The federal government’s recently released 2015 Budget (Budget) indicates that the government will be proposing amendments to the Canada Business Corporations Act (CBCA) relating to gender diversity, director elections,...more

2015 Federal Budget Provisions Affecting Pensions and Other Retirement Savings Plans

In its discussion of proposals to enhance investment in infrastructure, the federal government stated that it will undertake a public consultation on the usefulness of the rule in Schedule III to the federal Pension Benefits...more

2015 Federal Budget Highlights Recent Changes to Competition and Foreign Investment Policy

Finance Minister Joe Oliver tabled the 2015 federal budget before the House of Commons on April 21, 2015. The budget highlighted recent policy changes in competition law and foreign investment review, including new powers for...more

Balancing the Budget …and Balancing Copyright

The Government of Canada’s Budget Plan for 2015 proposes various measures within the expected areas of tax relief, job creation and economic growth measures.  It also includes a very unexpected proposal to extend the...more

2015 Federal Budget – Selected Tax Measures

On April 21, 2015, the Minister of Finance presented Canada’s long-awaited 2015 Federal Budget (the 2015 Budget). The 2015 Budget includes a number of taxpayer-friendly measures, including limited relief from Canadian source...more

Pensions News - March 2015

In This Issue: - Budget 2014 reforms - Budget 2015 - The Pensions Regulator - Legislation - DC Charges and Governance - Case Law - HMRC - Public Service Pension Schemes - Other News - On the...more

The Next Six Weeks in Congress

The House and Senate return this week from the annual Spring Recess, with the Senate scheduled to be in session for the next six weeks and the House in session for three weeks, off for one week, and then returning for another...more

President Obama’s 2016 budget poised to address infrastructure needs

Released in February, the 2016 budget set forth by the Obama administration takes a focused stance towards the country’s growing infrastructure requirements. The 2016 budget features tax-exempt bond proposals seen in the...more

Tax Policy Update

NUMBER OF THE WEEK: $23 Billion. The total revenue generated by the additional Medicare tax and the net investment income tax used to pay for the Affordable Care Act. The total exceeds the Joint Committee on Taxation’s 2010...more

House and Senate Approve Budget Resolutions with Medicare, Medicaid, ACA Provisions

On March 25, 2015, the House of Representatives approved (with no Democratic votes) H.Con.Res. 27, a budget resolution providing instructions to Congressional committees on the federal spending framework for FY 2016. Among...more

Washington Healthcare Update

This Week: House Approves FY 2016 Budget Proposal... House Passes Permanent SGR Reform and Two-Year CHIP Reauthorization... Senate Passes FY 2016 Budget Plan... HHS Report: ACA Led to $7.4 Billion Decline in Uncompensated...more

Perspectives on the President’s Precision Medicine Initiative

President Obama’s “precision medicine initiative” earmarked over $200 million from his proposed 2016 budget to “bring us closer to curing diseases like cancer and diabetes – and to give all of us access to the personalized...more

Pension News

In This Issue: - Budget Reforms - DC Charges and Governance - Department for Work and Pensions - Legislation - Public Service Pension Schemes - Other News - On the Horizon - Excerpt from...more

Budget amendment introduced to change CFPB appropriations

Another Republican CFPB effort to subject the CFPB to the congressional appropriations policy took the form of an amendment to the Senate’s 2015 Budget Resolution introduced last week by Senator David Perdue. Earlier in...more

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