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Fresh accusations Channel Islands help tax evasion
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.
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Guernsey has 'world class legislation' fighting financial crime
A leading Guernsey politician has hit back at accusations that the Channel Islands are part of the 'largest tax evasion network in the world'.
The comments were made by the UK's Shadow Home Secretary during a debate on new laws fighting financial crime, which she says should apply to Crown Dependencies.
But, Deputy Lyndon Trott Guernsey has 'world class legislation' on tax transparency and finance.
He says that includes 'robust regulation...fighting financial crime'.
- ITV Report
Tax evasion accusations are 'political grandstanding'
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- ITV Report
Jersey worth £14 billion to the UK
Jersey and Guernsey part of 'largest tax evasion network in the world'
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.
Latest ITV News reports
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Tax evasion accusations are 'political grandstanding'
Jersey Finance's CEO says accusations of tax evasion from the UK Shadow Home Secretary are just 'political grandstanding'.
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Jersey worth £14 billion to the UK
New figures show that Jersey adds £14 billion to the UK economy, through tax revenues and jobs.