statement from the Isle of Man said the new rating 'reinforces its position' as one of the global leaders in tax compliance and transparency. Chief Minister Allan Bell MHK, said: "The rating announced today by the OECD's Global Forum puts the Isle of Man into the premier league and yet again confirms its position as one of the world's leading international business centres.
"The standard required to achieve a top rating is very high as can be seen by the number of jurisdictions that have not yet made the grade. This is an achievement the Isle of Man is rightly proud of. It is yet further evidence of the Island's international standing and reputation and that the Island can no longer be referred to as a 'tax haven'," he added.