The status of the Isle of Man as a cooperative, transparent and
internationally responsible jurisdiction has been recognised by the
Organisation for Economic Co-operation and Development
("OECD").
The White List
On 2nd April, the G20 leaders met in London to discuss the
current economic crisis and "tax havens" were firmly on
the agenda. A number of agreements were reached by the G20,
including an agreement to take action against noncooperative
jurisdictions, including "tax havens", and to stand ready
to deploy sanctions to protect public finances and financial
systems.
The G20 made reference to the report, issued by the OECD on the
same day, detailing the progress of 82 jurisdictions in
implementing internationally agreed tax standards on transparency
and exchange of information. The Isle of Man, along with
jurisdictions such as the UK, the US, France and Germany, was
included on a white list of jurisdictions that have substantially
implemented the
