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.
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.
Swiss authorities have raised the Geneva offices of a subsidiary of HSBC over allegations of money laundering.
Ed Miliband called David Cameron a “dodgy prime minister surrounded by dodgy donors” in a clash over political donors who held Swiss bank accounts with HSBC.