Advertising

'I am not Jeremy Corbyn's adviser': Jersey tax critic Richard Murphy denies having formal role in election campaign

News | Published:

A TAX expert and critic of Jersey's finance industry has denied he is playing a formal role in Labour leadership contender Jeremy Corbyn's election campaign.

In a Times article last Saturday, Richard Murphy, who in the past has attacked Jersey's zero-ten tax regime and called for the Island's finance industry to operate with greater transparency, was described as Mr Corbyn's 'economic guru'.

Speaking in response to the article, Mr Murphy said it was incorrect, because he had no official role on the Labour MP's campaign team, but he was, however, well acquainted with him.

He said: 'I have not been appointed by Jeremy Corbyn's team, I do not speak for him and I have no formal role in his campaign. I am not his adviser.

'We know each other and he has used some of my ideas but I have not been formally engaged by him.'

Last month, Mr Corbyn labelled the Channel Islands a 'tax haven' during a Labour leadership hustings live on the BBC's Sunday Politics TV programme.

He also said he would try to close down offshore finance centres engaged in tax avoidance if he became Prime Minister.

Labour leader election candidate Jeremy Corbyn

Mr Murphy said that he had never formally advised Mr Corbyn about Jersey, but confirmed that he had little doubt of what Mr Corbyn's views on the activities of the Island's finance industry would be.

Advertising

'I'm sure that I have discussed Jersey at some stage with Jeremy Corbyn, and I am confident I could tell you what his position would be,' he said.

'Does he have concerns about the activities of financial services companies and banks?

'Yes.

'Is he concerned about tax competition and the Crown Dependencies, particularly if they are providing opportunities for companies to pay less tax? Yes. These are the sort of things that Jeremy and his close colleagues in the Labour Party will be looking at – areas where they can close the tax gap and ensure that companies pay tax in the right location.

'I'm not surprised that Jeremy Corbyn would be talking about closing down tax havens.'

Mr Corbyn is currently the favourite in the Labour leadership contest, having pushed early front-runner Andy Burnham into second position.

Sorry, we are not accepting comments on this article.

Advertising

Top Stories

Advertising

More from the JEP

UK & International News