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  • Advocate General Nilo Jääskinen of the European Court of Justice (ECJ) has issued his opinion in European Commission v France. In his view, France is in breach of articles 96 and 98 of the EU VAT directive for allowing a reduced rate for services provided by lawyers. These services are for legal aid which France argues is in line with article 98 that allows for a reduced rate for works of social welfare.
  • A report commissioned by the Cayman Islands' government has concluded that introducing direct taxation will not be beneficial to the islands' economy.
  • The deputies of the lower house of the Kazakhstan Parliament (known as the Majilis) have passed a bill of amendments and additions to the country’s laws on transfer pricing.
  • The Hungarian tax authorities are focusing their attention on the detailed transfer pricing arrangements of companies, going beyond investigations of documentation compliance that taxpayers are used to.
  • The Australian government has boosted taxpayer certainty by repealing more than 100 provisions in the country's tax law.
  • The Internal Revenue Service (IRS) has begun to implement a new litigation strategy to combat companies that abuse the rules on foreign tax credits.
  • The Bahamas has been placed onto the OECD white list of countries that have substantially implemented agreed standards for tax information exchange.
  • US Senators Ron Wyden and Judd Gregg have introduced bipartisan tax reform legislation that they argue will simplify the tax code.
  • The Canadian government's proposed 2010 federal budget contains new proposals to counter aggressive tax planning and tax avoidance.
  • Type of Agreement Country Country Date Signed Link Income Tax Treaty Australia Chile March 10 2010 Link Tax Information Exchange Agreement Bahamas Denmark March 10 2010 Link Tax Information Exchange Agreement Bahamas Faroe Islands March 10 2010 Link Tax Information Exchange Agreement Bahamas Finland March 10 2010 Link Tax Information Exchange Agreement Bahamas Greenland March 10 2010 Link Tax Information Exchange Agreement Bahamas Iceland March 10 2010 Link Tax Information Exchange Agreement Bahamas Norway March 10 2010 Link Tax Information Exchange Agreement Bahamas Sweden March 10 2010 Link Double Tax Treaty Bahrain UK March 10 2010 Tax Information Exchange Agreement Bahamas Spain March 11 2010 Link Tax Information Exchange Agreement Germany Liechtenstein March 12 2010