U.S. Tax Alert: Administration and JCT release additional information on administration's FY 2010 budget

The Joint Committee on Taxation (JCT) released on 14 September 2009, their "Description of Revenue Provisions Contained in the President's Fiscal Year 2010 Budget Proposal Part 3: Provisions Related To The Taxation of Cross-Border Income and Investment" (link below). Parts 1 and 2 were released on 8 and 9 September, respectively, and address the administration's individual income tax, estate and gift tax, and business tax proposals. Part 3 summarizes the administration's international tax and compliance proposals.


OMB issues new revenue estimates of administration's FY 2010 budget

On 25 August 2009, the Office of Management and Budget (OMB) published revised revenue estimates of the revenue provisions in the Administration's FY 2010 Budget in the OMB's report to the House of Representatives, Mid-Session Review: Budget of the U.S. Government (link below). However, the updates do not provide additional information on the international tax proposals themselves.

U.S. Government Budget 2010 - Mid-Session Review