Thursday, April 7, 2016

“Panama papers” Cameron admits he shares in an offshore fund his father – The World

Under pressure for several days following the revelations of “Panama papers” British Prime Minister David Cameron has admitted for the first time Thursday, April 7 at night he held until 2010 shares in the trust fund from his father, registered in the Bahamas. Mr. Cameron said in an interview with ITV that he sold them in 2010 to about 30 000 pounds (37 000), a few months before being elected prime minister. David Cameron insisted he had paid taxes in the UK on dividends received and that there was nothing illegal in his approach.

Calls for fusé resignation were immediately from the camp of the Labour opposition. “I’m not sure that the British people will forgive him , said the deputy chairman of Labour, Tom Watson. He denounced other public figures when he took advantage of same arrangements. “” It seems that David Cameron is losing completely the thread and confidence of the people “, also reacted Angus Robertson, leader of the Scottish National Party in the Westminster Parliament.

Responding a reporter during a trip to Birmingham on Tuesday, he said: I have no work, no offshore trust, offshore fund no, nothing of it all. “ Immediately after the revelations of the” Panama papers “, he first tried to escape, saying the investment from his father to the Bahamas through the Panamanian firm Mossack Fonseca were a ” case private “.

” my father proud “

Ian Camron, died in 2010, had led a fund whose profits have escaped the taxman UK for thirty years through a complex assembly. “I honestly have nothing to hide David Cameron insisted Thursday night. I am proud of my father and what he accomplished, the company he built and all the rest. I can not bear to have his name dragged through the mud. “ ” I have two houses, one that I rent and I pay my Prime Minister. I have no stock, no investment, I have some savings “, further stated the Prime Minister.

The offending funds, Blairmore Holdings Inc, named Cameron family home in Scotland, resorted plenty of straw men and bearer shares, to preserve the anonymity of investors. A brochure announcing color: “The directors act in such a way that the fund be managed without being registered in the UK for reasons related to UK taxation. “ Relocated in Ireland in 2012, Blairmore always manages more than $ 31 million without its current links with the Cameron family are known.

The leader of the Labour opposition, Jeremy Corbyn, obviously did not nail the private. “The money was taken from our hospitals, local public services. It lacks people who are deprived of tax evasion, “ protested Mr. Corbyn, recalling the Cameron austerity and demanding ” independent investigation “.

The scandal is all the more resounding than David Cameron pose as the champion of financial transparency. He promised to end tax secrecy and qualified some optimization operations of “morally unjustifiable . The revelations of “Panama papers” also reached wider Tories: several donor campaigns Cameron and elected and former elected Conservative are listed

Read also:. David Cameron splashed by the scandal of “Panama papers”

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