Isle of Man commended for transparency and tax information exchange system

The Organisation for Economic Co-operation and Development says its sharing of tax information has been effective and expeditious.

The global body reviewing tax transparency around the world has commended the Isle of Man for the way it exchanges information with other countries.

The Organisation for Economic Co-operation and Development says its sharing of tax information has been effective and expeditious.

A team of experts carried out the assessment, over 90 countries were included in the review.

As it stands the Island is currently ranked in the top tier of countries for transparency and information exchange in the OECD's White List.