EY United States: International tax proposals in the Obama Administration’s fiscal year 2010 budget
On 11 May 2009, the United States Treasury Department released its long-awaited General Explanations of the Administrations’ Fiscal Year 2010 Revenue Proposals (commonly referred to as the “Treasury Green Book” or “Green Book”). In addition to the Obama Administration’s other tax proposals, the Green Book provides details on the Administration’s international tax proposals that were initially presented as a single line item in a revenue table included in the fiscal year 2010 budget “outline” that was released on 26 February 2009, and more fully identified in a fact sheet released by the Administration on 4 May 2009. In total, the Administration’s international tax proposals are estimated to raise approximately USD 210 billion over 10 years.
Please refer to the tax alert below for more details.
