The Isle of Man will be signing a double taxation agreement with Estonia today which is the latest development for the Organisation for Economic Co-operation and Development's model to fight for global tax transparency. The agreement will help remove double taxation obstacles that face the development of economic relations between jurisdictions and will help in areas such as the importing and exporting of goods and services, and movements of capital, technology and people. In addition, the move aims to combat tax evasion and avoidance between Estonia and the Isle of Man. Allan Bell, the treasury minister for the Isle of Man said: 'The Isle of Man is a small, self-reliant nation characterised by an independent spirit, enterprise and innovation. Each of these factors has contributed to the evolution of our thriving, diverse economy and our success as a centre for quality international business'. 'These factors are also characteristic of Estonia, and I look forward to this agreement becoming the cornerstone of a friendship between our countries based on vibrant economic ties.' The agreement is the 15th to be signed by the Island to meet the OECD's international standard.