Labour has accused David Cameron of hypocrisy over his admission that he invested £30,000 in his father’s Panama-based fund Blairmore Holdings Inc.
Vladimir Putin has denied “any element of corruption” over the use of offshore financial services by those in his inner circle, and said the leaks were an attempt by his political opponents to destabilise Russia.
Downing Street continues to avoid questions about whether David Cameron or his family have investments in offshore schemes that do not pay UK tax.
A huge leak of confidential documents has revealed how the rich and famous exploit tax havens around the world to launder dirty money, avoid international financial sanctions, and evade tax.