Highlights from the April 2009 Supplementary Budget
Whilst the April 2009 Supplementary Budget delivers in terms of its severity, it is not readily apparent if it delivers in terms of correcting our economic weak points. One of the fears remaining is that the tax-take on which the budget is balanced may be over optimistic.
On the business front, the introduction of new tax reliefs on the acquisition of Intellectual Property is a welcome attraction to our Foreign Direct Investors. Disappointingly however, is that there was very little offered by way of business incentives to help create and indeed protect much needed employment.