David Cameron has defended wealth creation and the right for people to hand down the proceeds of their hard work to their children, but still fails to grasp that the anger over the Panama Papers was about tax inequality and not wealth.
David Cameron has defended wealth creation and the right for people to hand down the proceeds of their hard work to their children, but still fails to grasp that the anger over the Panama Papers was about tax inequality and not wealth.
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.
David Cameron is under increasing pressure to reveal whether his family’s wealth is still held in tax havens after the leaked Panama Papers reportedly showed his father’s involvement in a Panama-based financial scheme that paid no UK tax over a period of 30 years.