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TORONTO, March 28, 2012 /CNW/ - Reports suggest that the federal government may attempt to strike a fine balance in tomorrow's federal budget, attempting to constrain future deficits while also reallocating federal spending to higher priority areas. One area that has been the subject of review in recent months, and may be subject to change in tomorrow's budget, is Ottawa's extensive support of private research and development through the federal tax system.
In recent years, the federal government has also introduced a variety of anti-avoidance measures to counteract certain types of tax planning and broaden the tax base. Tomorrow's budget may continue this trend by introducing targeted measures aimed at business and investment activities that the government perceives as undesirable.
MICHAEL FRIEDMAN and TODD MILLER are tax lawyers with MCMILLAN LLP and are available to discuss the 2012 federal budget and the federal government's future tax plans.
- MICHAEL FRIEDMAN is a Partner in the McMillan Tax Group and advises clients on a broad range of domestic and international taxation matters. Michael has extensive experience guiding the tax-efficient execution of domestic and cross-border corporate transactions and regularly assists clients in resolving disputes with the Canada Revenue Agency and provincial revenue authorities.
- TODD MILLER is also a Partner in the McMillan Tax Group. Todd's practice focuses on income tax, with an emphasis on domestic and cross-border financing transactions (public and private), transfer pricing and international tax treaty matters, securities offerings, mergers and acquisitions, reorganizations and business divestitures.
High resolution photos of Michael Friedman and Todd Miller are available on request.
For further information:
or to arrange an interview contact:
National Director, Marketing & Business Development
The Communications Group Inc.
416.696.9900 ext. 36