In 2003, the two countries signed a double taxation agreement.

New Zealand has double taxation agreements with various countries that set out which country will tax specific types of income.

Britain has a double taxation agreement with Spain, to ensure people do not pay tax on the same income in both countries.

Also, investors in countries without a double taxation agreement prefer euros.

A double taxation agreement is an agreement between two countries to reduce the amount of tax that's actually paid.

Some of the countries which Barbados has taxation agreements with are:

Since this is inequitable, many nations make bilateral double taxation agreements with each other.

In 2009 both nations have given some consideration for the signing of a double taxation agreement between their two nations.

Many countries have now reached double taxation agreements with the UK where they will only tax your income once.

The UK has signed many double taxation agreements with other countries.