A Guernsey finance chief has claimed that the release of the Paradise Papers was ploy by left-wing media to influence the first ever tax haven blacklist.
Dominic Wheatley, CEO of Guernsey Finance, said that there was a lack of “balance and objectivity” in coverage of the data leak which revealed among other things that the Queen, Prince Charles and Bono were linked to offshore investments.
Instead of showing illegal transactions, the Paradise Papers served only to distract attention away from the real debate of how to ensure tax transparency, he said.
Mr Wheatley, whose role is funded by the Guernsey Government with contributions from the industry, said: “I think that the timing was deliberately manipulated in an obvious attempt to influence the process of the EU blacklist. This is actually an attempt at political manipulation rather than investigative journalism.”
On December 5 the European Council will release a blacklist of non EU-countries