Offshore scrutiny grows
The Chief Minister says a register of beneficial ownership is only the first step towards improving the Island's tax reputation.
Last week Allan Bell signed an agreement with UK Treasury Financial Secretary David Gauke in London.
The deal means the Manx government must establish a centralised database of companies owned here, and disclose information to international authorities on request.
It comes as five European nations, including the UK, agreed to crack down on tax avoidance following the Panama Papers leak.
Mr Bell says pressure is mounting on the Island:

Almost 3,000 take part in Pilates world record attempt at Knockaloe
Ben-my-Chree sailing cancelled due to 'technical issues'
81 'unsafe squishy toys' seized
Manx Utilities open 'prior information notice' for Garff Sewage Treatment works