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Clemens Hasenauer Johannes Prinz The Austrian parliament has recently passed an amendment to the Austrian corporate income tax act (Budgetbegleitgesetz 2009) providing for various changes in the Austrian tax system.

New Zealand banks should not be worried about increased scrutiny from the country's tax authorities, a leading tax professional has said.

Savina Kanagasabay of Dorsey & Whitney explains why the test claimants lost a landmark case even though the English court decided to allow an entitlement to compound interest for breaches of community law

Andrés Edelstein Ignacio Rodríguez After a 20-year debate as a result of unclear changes in the applicable legislation, the Supreme Court of Justice put an end to the discussion by disallowing a relevant income tax deduction for exporters. Through the enactment of law 23,101 the Argentine government had promoted the exportation of certain goods and services establishing benefits such as, among others, refunds of local taxes paid on exported goods, local taxes paid during all stages of production, pre and post-export financing and so on and a deduction for income tax purposes of up to 10% of the free-on-board (FOB) value.

The Cayman Islands signed a tax information exchange agreement (TIEA) with the Netherlands on July 8. This brings the number of TIEAs signed by the Cayman Islands to 11, one short of the OECD's requirement of 12 required to be recognised as being compliant with international requirements.

Governments should strengthen transfer pricing regulations and enact a general anti-avoidance rule to address cross-border-compliance risks in the recession, an IMF report has said.

Peter Cussons of PricewaterhouseCoopers believes the Court of Appeal in London may have been guilty of faulty reasoning when it ruled against the taxpayer in the Vodafone 2 CFC litigation.

A tax lawyer at a leading UK law firm has slammed the government's new senior accounting officer rules, calling them "disproportionate" and "wholly unnecessary".

The winners of the European Tax Awards picked up their prizes at a dinner in London in May

The new US administration is proposing dramatic changes to the international tax provisions in the tax code. Barbara Angus, Eric Oman and Rob Kulik of Ernst & Young discuss the latest developments.