Good Day
In this week's Newsletter we read that French lawmakers are to examine the fiscal pledges outlined by President-elect, François Hollande, during his election campaign, which are expected to increase the fiscal burden on households by around €14bn. Read more Meanwhile Luxembourg Prime Minister and Eurogroup President, Jean-Claude Juncker, has ruled out the idea of completely renegotiating the fiscal compact, following Hollande's election. Read more
In Ireland the latest tax authority annual report has shown "solid performance in challenging circumstances", with enforcement efforts yielding an increase in tax receipts and a reduction in outstanding tax debt. Read more
US President Obama has presented a 'To Do List' of tax measures that, in his opinion, US Congress should pass to increase employment and economic growth. Read more
In New Zealand, Parliament has passed the international tax amendments which reform taxation on the gains of New Zealand residents from their investments in overseas entities. Read more
New Zealand has also recently signed an updated double tax agreement with Canada, to replace their 1980 bilateral treaty. Read more
And in Australia, a planned cut to business tax rates will not go ahead, as the Government seeks to redirect projected mining tax revenue to help families and small businesses. Read more
Joseph A. Hickey
Managing Director
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France Begins Examination Of Hollande's Election Tax Package
 Following the upcoming legislative elections in June, French lawmakers are to convene during an extraordinary session in July to examine a bill containing the fiscal pledges outlined by President-elect François Hollande during his election campaign, expected to increase the fiscal burden on households in France to the tune of around EUR14bn (USD18.26bn). Read More>> ______________________________________________
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Juncker Insists Fiscal Compact Not Up For Renegotiation
 Luxembourg's Prime Minister and Eurogroup President Jean-Claude Juncker has firmly ruled out the idea of completely renegotiating the fiscal compact, agreed by twenty-five of the twenty-seven European Union member states back in March, and aimed at strengthening budgetary discipline, following the election of François Hollande as the new French President. Read More >> ______________________________________________
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Ireland Publishes ESM Bill
Ireland's Minister for Finance Michael Noonan has published the European Stability Mechanism Bill 2012 as part of the government's commitment to ensure that the Irish people are fully informed in casting their votes on the Stability Treaty. Read More >> ______________________________________________
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Click here to read the rest of this week's news.______________________________________________________
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