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OECD backing for Island

IOM retains top rating for transparency

The Isle of Man is one of the most compliant places in the world according to the global body which reviews tax transparency.

The Organisation for Economic Co-operation and Development or OECD has published its latest ratings of 147 jurisdictions.

The Island is one of only six countries to be awarded the top rating during the second round of reviews.

It is also one of only three to have been rated compliant in the first and second surveys.

The United Kingdom is in the next band down and is rated as "largely compliant".

Treasury Minister Alf Cannan is relieved after so much negative publicity since the Paradise Papers hit the headlines:-

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