The Isle of Man's been put onto a European "greylist" of tax havens that are making efforts to mend their ways.
This week, EU finance ministers unveiled a list of 17 countries they consider tax havens - and while the Isle of Man wasn't on that list, it is on a list of those making tax changes to meet international standards.
Chief Minister Howard Quayle welcomed the news, saying the Island had been talking to the EU's Economic and Financial Affairs Council.
And the Island's Chamber of Commerce also said it was glad the Island had escaped being blacklisted.
How will Island remain attractive during MONEYVAL assessment?
Do you know a company director who deserves an award?
Festive social event for young professionals this week
Fewer businesses now optimistic about future
Financial regulator recruiting for board members
Businesses needed for seaside kiosk
Businesses who wouldn't recommend IOM almost triples in 8 years
M&S officially opens new-look Douglas food hall
