British Prime Minister David Cameron said on Saturday (April 9) that he had mishandled the controversy over his shares in his father’s offshore business interests, which were exposed by the “Panama Papers” revelations.
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Skills Minister Nick Boles suggested Mr Cameron regrets the way the disclosureabout his tax affairs had been handled. “I think it is being unfairly described and my father’s name is being unfairly written about”.
The revelations in the Panama Papers, resulting from what the Panamanian law firm Mossack Fonseca blamed on a computer hack launched from overseas, revealed how the world’s wealthy stashed assets in offshore companies.
“But once all members of Parliament are publishing their tax returns they may well decide that everybody, everybody who pays tax, should publish their tax returns, and people may not feel so comfortable about that, so I would just urge a little bit of caution”.
Resign has made three demands of the Prime Minister asking for him to publish his tax returns, rescind an intervention he made to prevent the loosening of how Trust funds are dealt with, and finally, to resign.
The Prime Minister has admitted he had made a £19,000 profit from a Bahamas-based fund set up by his father Ian Cameron.
Labour leader Jeremy Corbyn accused Mr Cameron of “misleading” the public.
Abi Wilkinson, who started the Facebook event, said: “This is an ultimatum for David Cameron”. In fact, I sold all the shares that I owned, on becoming Prime Minister.
Cameron said he was “very angry about what people were saying about my dad”. He said that sunlight is the best disinfectant and wasn’t entirely straight with the British people about what his own financial arrangements were.
The British public “want a lot more answers from David Cameron before this scandal goes away”, Watson said. If you were a United Kingdom owner of these things you paid income tax on your dividends and you paid tax in the normal way. A statement from a spokesperson later that day said “the Prime Minister, his wife and their children do not benefit from any offshore funds”.
Did the Prime Minister know that this fund was linked to tax avoidance?
That news emerged on Thursday, after No 10 had earlier said it was a “private matter” and that the Camerons would not benefit in the future from any shares in offshore businesses.
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“I am calm. I have obeyed the law”.
