The UK's Shadow Home Secretary has said the Channel Islands are part of the 'largest tax evasion network in the world'.
Dianne Abbott made the comments during a debate on new laws fighting financial crime, which she says should include the Crown Dependencies.
Jersey and Guernsey have hit back at the claims, calling them baseless and misinformed.
The UK's Shadow Home Secretary has launched a scathing attack on the Channel Islands, accusing them of tax evasion.
Diane Abbott MP said 'it's frequently argued' that Jersey and Guernsey are 'part of the largest tax evasion network in the world'.
She was speaking in a debate over new laws that aim to tackle tax evasion and financial crime.
The MP believes the Crown Dependencies should be included in the legislation.
It comes as figures show Jersey is worth £14 billion to the UK in tax revenue and jobs.
Jersey Finance's CEO says accusations of tax evasion from the UK Shadow Home Secretary are just 'political grandstanding'.
New figures show that Jersey adds £14 billion to the UK economy, through tax revenues and jobs.