Claims that tax evaders using the Crown Dependencies could owe £1 billion are a ‘figment’ of the UK Chancellor’s imagination.
So says Chief Minister Allan Bell who has refuted George Osborne's suggestion that the Island – along with Jersey and Guernsey – is harbouring that amount of UK taxpayers’ money.
According to the UK Exchequer Secretary David Gauke, a clampdown could bring in more than £1bn in previously unpaid tax over the next five years.
But Mr Bell says that's nonsense
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