The Isle of Man has been named as one of only eight countries around the world following best practice in exchanging tax information with other nations.
The recognition has come in a report on tax transparency from the Organisation for Economic Cooperation and Development, the global body overseeing standards of economic governance.
The study, delivered to the G20 yesterday (Friday), named the Isle of Man among a handful of jurisdictions with all elements of effective information exchange in place. The list also includes France, Italy, Japan and Norway.
It comes in the wake of another review by the Financial Stability Board for G20, which praised the Island for its international cooperation in tax affairs.
Chief Minister Allan Bell is planning to step up efforts to promote the Island's standing to the outside world:
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