You're WRONG! Corbyn blasted by Bermuda government over tax comments at PMQs
JEREMY CORBYN has been blasted as “misinformed” by the government of Bermuda over comments he made during a clash with Theresa May at PMQs.
PMQs: Corbyn and May CLASH on tax evasion
The Labour leader attempted to criticise the Prime Minister over the Tories record on curbing tax avoidance and evasion.
Jeremy Corbyn called on the Government to investigate claims business jets were being imported through the Isle of Man to avoid tax.
He claimed the allegations were part of a data leak from the “Bermuda-based” law firm Appleby and even compared it to the 2015 Panama papers.
He said: “The Isle of Man VAT avoidance allegations are part of a wider leak from the Bermuda-based law firm said to be of a similar scale to the Panama Papers.
The Government of Bermuda notes the statement by Jeremy Corbyn, Leader of the Opposition in the UK Parliament, which was misinformed
“Will the Prime Minister commit the Her Majesty’s Revenue and Customs to fully investigate all evidence of UK tax avoidance and evasion from this leak and prosecute where feasible?’
But a statement released by the government of the British island territory said Mr Corbyn’s comments were “misinformed”.
A spokeswoman said: “The Government of Bermuda notes the statement by Jeremy Corbyn, Leader of the Opposition in the UK Parliament, which was misinformed.
“The government of Bermuda can confirm that Appleby Global is not ‘Bermuda-based’; its global management is based in Jersey
PMQs: May tells Corbyn "you're WRONG" about taxation
“Bermuda is a recognised leader in international tax compliance and tax transparency with 114 tax treaty partners.
“The Opposition leader may not be aware that Bermuda was recently confirmed by the French Government as a ‘white-listed’ jurisdiction due to its excellent work on international tax transparency.”
Appleby, whose headquarters are in Jersey, has a number of branches across Bermuda, Guernsey, the Isle of Man, the British Virgin Islands and the Cayman Islands.
However, it is suggested that the leak originated from the Bermuda branch.
A Labour spokesman told City AM: “We stand by the facts and concerns raised by Jeremy Corbyn in PMQs.”