Isle of Man hopes to be removed from Spain's tax haven blacklist

"The Isle of Man has been on Spain's blacklist of high-risk jurisdictions since 1991, though according to Manx politicians this has more to do with politics than the Isle of Man's credibility as an international finance centre.
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It is hoped that the signing of the TIEA (Tax Information Exchange Agreement), currently awaiting approval from the foreign ministry in Spain, will reboot relations between the two jurisdictions and facilitate business flows between the Isle of Man and Spain.
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What frustrates Manx politicians most about the blacklisting is that the Isle of Man has been recognised by the G20 as a front-runner in the crusade to stamp out tax evasion.
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See also here: http://www.isleofman.com/News/article.aspx?article=41826

and here: http://www.iomtoday.co.im/news/isle-of-man-news/isle_of_man_caught_in_sp...