Labour leader Jeremy Corbyn said Mr Cameron should now publish his actual tax returns, which he said would reveal more details about his dealing in shares before he became Prime Minister.
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However, protests increased after documents revealed that Cameron had been given a 200,000 pounds gift by his mother following his father’s death – which reports claimed could potentially avoid inheritance tax.
On Monday morning, the government announced that George Osborne, the chancellor of the Exchequer, the second most powerful government job after prime minister, would publish his tax returns. “But as I said, I was angry about the way my father’s memory was being traduced”.
“The scandals over David Cameron’s finances… may tip the decision further towards “Leave”, said former Scottish National Party leader Gordon Wilson in a statement on Sunday.
“How can it be right that street cleaners, teaching assistants and nurses work and pay their taxes, yet some at the top think that the rules simply don’t apply to them”.
As Parliament returns from an Easter break, opposition leaders plan to challenge Cameron in the House of Commons over past investment in an offshore account set up by his late father.
Cameron said publishing his tax information had been “unprecedented”.
Mr Osborne paid £72,210 of income tax on a total income of £198,738.
“With regard to who is in charge of the nation’s finances, the Prime Minister takes the view that Chancellors and Shadow Chancellors should show transparency too, but he’s not recommending it for other MPs”. The records appear to show that Cameron paid his full share of tax – 75,898 pounds on taxable income of 200,307 pounds in the most recent tax year.
Cameron is leading efforts to persuade British voters to stay in the European Union in a June 23 referendum that the polls suggest will be tight, and the tax row has raised concerns among the “in” camp that their cause may have been damaged.
“The Prime Minister has found himself in a dire situation, the only way he can help himself and his government is to be completely honest and transparent once and for all”. He said Labour were the “enemies of aspiration” for highlighting the issue of inheritance tax.
The move comes ahead of next month’s London anti-corruption summit, to be hosted by the prime minister on 12 May.
“I’m honestly not sure that the Prime Minister fully appreciates the anger that is out there over this injustice”.
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One person’s tax planning is another person’s tax avoidance – so whether David Cameron’s tax affairs are controversial or not is really a matter of where you stand on the payment of tax.
