The agreement involves Turkey sending an inspector to the Isle of Man in order to locate the nation's tax-evading businessmen. With the new tax information sharing agreement signed in London, Turkey will be saying "stop" to any form of tax evasion by way of basing firms in offshore nations and operating in Turkey.

According to the agreement, Turkey will be able to request tax information from Isle of Man' authorized officials. Tax auditing experts will be able to conduct inspections in the country or join in efforts on the issue.

Other countries Turk's prefer for tax purposes are the Seychelles and the Bahamas.

This is a translation of an article originally written by Zübeyde Yalçın.