Panama papers: David Cameron has revealed having shares in an offshore funt

Posted on Updated on

 

3535210lpw-3535211-article-cameron-jpg_3480583_660x281

 

 

 

 

On Thursday, UK Prime Minister, David Cameron, declared in an interview he had his own shares in an offshore trust set up by his late father, Ian Cameron, deceased in 2010. His father directed this fund for 30 years thanks to the law office of Mossack Fonseca.

His declaration follows, a matter of tax haven, revealed by “Le Monde” and a lot of international newspapers, unveiling offshore societies created in the countries where the taxes are very low or nonexistent.

Mr.Cameron explained that he had sold the shares before he entered number 10 in 2010 and had paid all UK taxes due on profits from the £30,000 sale.

This announcement has deeply shocked the English. Asked on Monday, whether she could confirm that no family money was still invested in the fund, Mr Cameron’s spokeswoman said “This is a private matter”. The deputy leader of the Labour party, Tom Watson, accused the Prime Minister of “hypocrisy” and said that “Prime ministers has to lead by example”. Paradoxically, David Cameron declared “I don’t have anything to hide. I’m proud of my dad and what he did and the business he established… I can’t bear to see his name being dragged through the mud.”

Only few months before the referendum about a potential Brexit, PM’s announcement puts him in a difficult situation.

 

Laura Martin-IEJ 1BIS

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s