The Isle of Man is the latest jurisdiction to agree to comply with the Organisation of Economic Cooperation and Development's standard for global tax transparency. Along with nations such as the UK, USA, Germany, France, Sweden and Ireland, the Isle of Man has been in the top tier of nations that have 'substantially implemented the internationally agreed tax standard'. The OECD has also compiled a 'grey list' of those jurisdictions that have agreed to the standard but have not yet applied it and the 'black list' indicates those who are not signatories of the agreement. Treasury minister Allan Bell MHK said: 'The OECD lists are a significant step forward in the debate about tax, as countries are now being judged and separated on the basis of agreed international criteria - not just size. The Isle of Man has always supported an objective, global approach.'