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Free Zones: Money Laundering and Tax Evasion

Question for Treasury

UIN 22013, tabled on 27 February 2020

To ask the Chancellor of the Exchequer, what recent assessment his Department has made of the correlation between the operation of freeports and (a) tax evasion and (b) money laundering.

Answered on

4 March 2020

The UK plays a key role in tackling cross-border illegal activity and this is not going to change. UK Freeports will be innovative hubs that boost trade, attract inward investment and drive productive activity across the UK. HMRC have been closely involved in their design to ensure that everyone pays their fair share of tax towards funding our vital public services, while boosting growth in all regions of the UK.

Answered by

Treasury