The Isle of Man has signed bilateral Tax Information Exchange Agreements with seven Nordic economies. The latest agreements – with Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden – bring the number of TIEAs entered into by the Isle of Man to nine. The island has played a leading role in the OECD’s initiative to improve transparency and exchange information in tax matters and was one of 11 jurisdictions that worked with OECD countries to develop the Model Agreement on Exchange of Information in Tax Matters. Paolo Ciocca, chairman of the OECD’s Committee on Fiscal Affairs, said: “I would like to commend the Isle of Man and the Nordic economies for the innovative multilateral approach they have taken to their negotiations. This has been very effective in facilitating the conclusion of seven agreements in a relatively short period of time.”