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Bermuda mimics IoM tax response

Govts take similar stance on allegations

Bermuda's government has joined the Isle of Man in distancing itself from allegations of facilitating tax avoidance.

It's ahead of a two-part BBC Panorama special being broadcast tomorrow and Monday evening, expected to make claims about how offshore jurisdictions use complex legal structures to conceal wealth.

Jeremy Corbyn this week brought the issue to the House of Commons, claiming the allegations were linked to a recent data leak from the Bermuda-based law firm Appleby, which has an office in Douglas.

The Atlantic overseas territory's leaders have now hit back, calling the Labour leader's remarks 'misinformed' - and echoing the Manx government's recent assertions in insisting Bermuda is a 'recognised leader in international tax compliance'.

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