Appearing on , Chairman Anthony Travers adopted an aggressive stance to dismiss claims that people have been unlawfully stashing money in offshore accounts to avoid paying tax.
He said: “I have no idea what tax haven means and nor do you. What we are talking about is offshore financial centres that have complete transparency, the highest global standards and, incidentally, higher than the United States of America.
“What have we actually had from the Panama papers in terms of actual convictions in the UK for anything at all involving tax evasion or tax avoidance?
“The answer is nothing, certainly nothing statistically relevant. The Panama papers are fake news and this new leak from Bermuda is fake news, saved to the extent that it is a criminal endeavour to hack people’s computers and these journalists should be in prison.”
Anthony Travers said he did not know what “tax