The Chief Minister has signed an intergovernmental agreement with the United States.
Allan Bell countersigned the document at the US Embassy in London yesterday, and says the agreement will improve international tax compliance.
Marked by the implementation of FATCA it follows an agreement between the Isle of Man and the UK which was signed earlier this year.
Treasury Minister Eddie Teare says it's a sign the Island is committed to transparency:
Council announces final dates for garden waste collection
Manx Utilities hopes sewer cleaning means end of odour problems
What's being done to tackle crash blackspots?
New TT schedule will be reviewed on yearly basis
No successful driving theory test appeals in past 10 years
Steam Packet announces tomorrow morning's sailings will go on time
Firefighter to raise money by wearing full gear in fitness competition