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Corbyn ‘misinformed’ over Bermuda comments

The Bermuda Government has hit back at Labour leader Jeremy Corbyn for comments he made about Bermuda during a fiery exchange with Theresa May in the UK Parliament yesterday.

Mr Corbyn attacked the Prime Minister over her government's record on curbing tax avoidance and evasion during Prime Minister's Question Time.

“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,” Mr Corby said.

“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 last night, a statement released by the Government described Mr Corbyn's comments as “misinformed”.

“The Government of Bermuda notes the statement by Jeremy Corbyn, Leader of the Opposition in the UK Parliament, which was misinformed,” a spokeswoman said.

“The Government of Bermuda can confirm that Appleby Global is not ‘Bermuda-based'; its global management is based in Jersey.

“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.”

During his speech, Mr Corbyn claimed that Conservatives had opposed a French proposal in the European parliament to blacklist Bermuda as a tax haven.

Labour leader: Jeremy Corbyn (Photograph by Chris Ratcliffe/Bloomberg)

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Published November 02, 2017 at 9:00 am (Updated November 02, 2017 at 11:51 am)

Corbyn ‘misinformed’ over Bermuda comments

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