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Budget 2010: KPMG's Budget Predictions
Latest Insights
The Government should look at reducing corporation tax to encourage growth. This could be done by reducing the headline rate or by reducing the tax basis by expanding reliefs etc. Of course, such changes need to be paid for but there is a lot of economic analysis to support the view that such reductions should be self funding to some degree.
KPMG in the UK is urging organisations not to fall foul of new carbon reduction legislation which takes effect in April. Vincent Neate, KPMG's UK Head of Sustainability, comments as businesses with annual electricity bills of £1 million or more must start measuring and accurately reporting their energy usage and carbon emissions. League tables will rank the best and worst performers.
From March 2010, companies in the UK have to file their accounts and tax returns online in the electronic format known as extensible business reporting language (XBRL). Bivek Sharma, partner, compliance and technology at KPMG in the UK comments on whether it is it right to categorise XBRL as a "must do" rather than a "must have"?
The debate over the nature of global banking reform has captured the attention of bankers and regulators, with the issue of recovery and resolution plans (RRPs) - more commonly-known as "living wills" - claiming its share of the headlines. Financial Services associate partner Bill Wellbelove, KPMG in the UK, discusses why for firms it is "time to make a living will".
Analysis by KPMG shows that international deal activity by trade buyers in emerging economies is growing again. But after two years of decline in developed economies, it's not yet clear if the bottom of the market has been reached.
- Economy will drive banking performance in 2010, finds KPMG's UK Banks Performance Benchmarking Survey
- Coffer Peach Business Tracker February 2010 figures - Top pub and restaurant groups put January blues behind them
- High-speed rail network for Britain - a winning formula and cost effective approach to securing future national prosperity
- KPMG Announced as Leeds City Region Advisor
- KPMG Retail Sales Monitor February 2010 - Snow distorts February sales
The Chancellor of the Exchequer, Rt Hon Alistair Darling MP, will present his 2010 Budget on Wednesday 24 March at 12.30pm.
KPMG will be monitoring activity and bringing you commentary and analysis in the lead up and following the Budget statement.
Make sure you register today for KPMG's Budget Online Briefing to find out how the Budget will impact you.
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