The Isle of Man has become the first British dependency to sign up to automatically share tax information with the UK.
The agreement, which is modeled on FATCA, means the two governments can start exchanging additional information from 2016.
The Island was the first to strike this agreement with the UK and the first to officially sign up to it.
Chief Minister Allan Bell says it is a major step forward:
Repairs on Peel Power Station to get underway
Manx Care doctor survey to be discussed by Tynwald
Weather warning for snow tonight
MHK queries safety at primary school in Ballabeg
Gales put two ferry sailings at risk tonight
Should the Island throw a birthday party for Barry Gibb?
Warning issued over icy roads
High ground could see 4 inches of snow on Saturday night