The Channel Islands have signed up to a joint commitment with the British and Irish Governments to tackle tax evasion and abusive tax avoidance.
The commitment comes amid ongoing controversy over the use of complex tax arrangements by celebrities, wealthy businessmen and multinational corporations to minimise their liabilities, exposed in the so-called Paradise Papers.
The commitment was made during today's British-Irish Council Summit in Jersey.
Among those attending were the First Minister of Scotland Nicola Sturgeon and representatives from Ireland, the UK, the Isle of Man and Guernsey.
The island's chief minister Ian Gorst stressed that none of the activities exposed in the papers by the International Consortium of Investigative Journalists amounted to illegal tax evasion.
Members noted this was a global issue and required commitment from the international community to be effective.
Nicola Sturgeon said she believed that all the representatives present shared her belief in the need for proper tax transparency and the closure of loopholes.
The British-Irish Council was formed in 1998 as a direct result of the Good Friday Agreement. It aims to promote positive relationships among its members and to provide a forum for consultation and co-operation.