David Cameron acknowledges profiting from offshore trust

[a7mos]

British Prime Minister David Cameron acknowledges profiting from offshore trust

After dodging questions for days, British Prime Minister David Cameron acknowledged Thursday evening that he had owned and profited from shares in an offshore trust set up by his late father.

The admission came as the impact from a massive leak of financial data continued to ripple across the globe, with Russian President Vladimir Putin alleging a Western conspiracy and Iceland reckoning with the fall of the country’s prime minister.

Cameron himself faced calls to resign from at least one member of the opposition Labour Party Thursday night. But so far at least, there’s been no evidence that the prime minister did anything illegal or improper.

Still, the admission of a past financial stake in an offshore trust represented an awkward moment for a leader who has spoken out forcefully against international tax avoidance and evasion.

https://www.washingtonpost.com/world/putin-denounces-panama-papers-leaks-as-attempt-to-weaken-russia/2016/04/07/d69473e6-fcbf-11e5-9140-e61d062438bb_story.html

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[Slowturtleinc]

Its most likely better for him to admit it and hope the waves of other people denying the issue will distract enough of the people from following up on him. Think most politicians operate in the do as I say not as I do field. One aspect that drives me nuts is how they sell the public out time and time again to take up a job with a corporation when their term is done. It has to be conflict of interest,just like Cameron bellowing about illegal funds hiding from taxes in Britian.

[Moloch]

... aaaaaaaaand begin

The worst part about this whole fiasco is that Mossack Fonseca is only 1 of hundreds of lawfirms throughout the globe which do this exact same thing...

The reason not many Americans are on the list is simply because Americans used another company, not Mossack Fonseca...

[Gronthaing]

... aaaaaaaaand begin

The worst part about this whole fiasco is that Mossack Fonseca is only 1 of hundreds of lawfirms throughout the globe which do this exact same thing...

The reason not many Americans are on the list is simply because Americans used another company, not Mossack Fonseca...

Many don't need to. America has its own tax havens. Mostly delaware: "Within the United States, Delaware is considered the pre-eminent corporate haven for both domestic and foreign large public corporations, while Nevada, Wyoming, Alaska, Puerto Rico, and the U.S. Virgin Islands are corporate havens for small closed corporations." https://en.wikipedia.org/wiki/Corporate_haven

[axxo]

Although I like Prime Minister Cameron, this issue certainly clouds the air as it relates to his overall integrity.

[saddampbuh]

if he resigns we get boris johnson, better chance for us to get out of the eu

[DooMAD]

if he resigns we get boris johnson,

As if the current tory government isn't a big enough joke already.  Sure, let's add that bumbling clown to the mix.  It's not like their credibility can get any worse.   

[keyscore44]

This pleb had zero credibility from the start...

If there's even a remote chance that Boris could be PM, I'll be on the first plane out of Blighty.

[Bought]

I dont think this came as a surprise when this was announced. Cameron is well known hypocrite. Hes already opposed drug reforms after having admit smoking drugs in his youth. Beofre becoming pm he was pro reform but since becoming pm things have changed drastically . The sooner hes out the better.

[DooMAD]

And now that he's finally published his tax details due to the public outcry, it turns out he received two "gifts" of £100,000 to his accounts in 2011 from his mother, allowing the family estate to avoid a potential £80,000 worth of inheritance tax.  Why is this sack of shit not in prison yet?

[Slark]

I dont think this came as a surprise when this was announced. Cameron is well known hypocrite. Hes already opposed drug reforms after having admit smoking drugs in his youth. Beofre becoming pm he was pro reform but since becoming pm things have changed drastically . The sooner hes out the better.

It is because he is a tool. Marionette of his political advisers, he has no mind on his own like most politicians. They are public figures repeating nonsense and bullshitting people.
Cameron is not exception here. I think there should be some laws about lying in politics - if you lied and people caught you - you are removed from the office.
But I guess there wouldn't be many politics left then.

[Daniel91]

It looks all politicians are the same, hungry for glory, for position and for money
I personally respect Cameron but in this case he really made mistake and wasn't transparent at all, hiding very important thing from public.
When you become public person, you don't have private life any more.
He should know better.

[Betwrong]

Yeah, I saw the news and I think it's a good thing that he acknowledged that. As far as I know most politicians involved are acting like all this is not serious and they are innocent. I respect David Cameron and I can't say the same about Putin and some others.

[Balthazar]

 Why is this sack of shit not in prison yet?

Because there are enough useful fools, who are OK with him being their Master.

[gentlemand]

I imagine we'd be living in a utopian paradise if all these leeches actually paid their taxes. There was a grassroots plan in a town to offshore all of their businesses as a statement against these big tax dodgers. I hope they get somewhere with it.

[keyscore44]

Looks like the pressure's building up for bum nose:

Nicola Sturgeon and Scottish party leaders publish tax return documents as pressure mounts on George Osborne
http://www.independent.co.uk/news/uk/politics/scottish-party-leaders-publish-tax-return-documents-online-a6977501.html

David Cameron must be questioned by Parliament's sleaze watchdog
http://www.independent.co.uk/news/uk/politics/david-cameron-questioned-tax-affairs-parliament-sleaze-watchdog-jeremy-corbyn-panama-papers-a6977081.html

"People in public office, you have to know what they're earning, where it's come from... what influences it's under,”

[galdur]

Cameron Faces More Questions About His Finances

U.K. prime minister received a cash gift oDavidf £200,000 from his mother

LONDON—U.K. Prime Minister David Cameron faced further questions about his financial affairs on Sunday, including a cash gift from his mother, despite taking the unprecedented step of publishing information about his income tax for the past six years following a week of scrutiny sparked by the Panama leaks.

Mr. Cameron over the weekend became the first British prime minister to release a summary of his tax returns, and his office said he had received a £200,000 gift from his mother. The prime minister had faced a week of pressure from opposition politicians and the British media to provide fuller disclosure over his tax affairs, in particular his family’s links to an offshore fund set up by his late father in the early 1980s that avoided paying U.K. income taxes.

Opposition politicians called for Mr. Cameron to go further and publish his full tax returns and to detail his tax affairs before 2010....

http://www.wsj.com/articles/david-cameron-faces-more-questions-about-his-finances-1460302300

[indiemax]

Typical Tory lying POS

[Slowturtleinc]

Cameron has always been slimy in the way he goes about business,do not expect him to stand down and resign over this and most likely will just rally the troops behind him like usual.

[galdur]

Cameron has always been slimy in the way he goes about business,do not expect him to stand down and resign over this and most likely will just rally the troops behind him like usual.

He seems to be at his happiest at weapons´sales conventions. I think he´s a bloody warmonger. Cozies up to the Saudis and grovels before them and other scumbags of that ilk.