Colombia removes Isle of Man from 'blacklist'

Thu, 16 Oct 2014

The Republic of Columbia has removed the Isle of Man from its blacklist.

On October 7th the country's Minister of Finance and Public Credit published a decree that recognised the Island as a tax transparent jurisdiction.

It follows both territories joining the OECD Convention on Mutual Administrative Assistance on Tax Matters for information exchange purposes.

41 other jurisdictions are still on Columbia's blacklist.

Treasury Minister Eddie Teare says it's a big step for the Island's reputation: