'We are not really in the spotlight on this, but the reporting has been so sensational and so inaccurate that we felt it simply did require a challenge,' he said.
'We see this very much as part of a very well planned, ongoing political campaign, using stolen data in or to put in an agenda, which isn't really a great deal to do with tax, its more to do with privacy, and about obtaining public access to private finances.'
Deputy St Pier has taken to dubbing the papers, the Stolen Papers.
Over the last 24 hours, it has been revealed that tech giant Apple moved upward of $252b. to Jersey, in a move to sidestep a 2013 crackdown on its former controversial tax practices in Ireland.
Lewis Hamilton, The Queen and stars of BBC sitcom Mrs Brown's Boys have come under fire today as key figures who have diverted money offshore.
The leaked 'Paradise Papers' contain 13.4m. documents, mostly from offshore finance and legal firm Appleby, which has offices in Guernsey.
More from Deputy St Pier to come in tomorrow's Press.