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.
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'.
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.