British PM Cameron says he does not own any shares, offshore funds

British Prime Minister Cameron says he does not have any offshore funds, after leaked Panama documents showed his father had been using a law firm to avoid tax.

SWINDON, UNITED KINGDOM – British Prime Minister David Cameron said on Tuesday (April 5), he did not own any shares or have offshore funds, after his late father was included in a leaked list of clients using a law firm in the tax haven of Panama.

“I own no shares. I have a salary as prime minister, and I have some savings, which I get some interest from, and I have a house,” he said at a question and answer session while campaigning to keep Britain in the European Union.

“I have no shares, no offshore trusts, no offshore funds, nothing like that,” he said at an event in Birmingham.

Cameron’s father has been reported to have run a network of offshore investment funds, and when asked on Monday to confirm that no family money was still invested in the funds, Cameron’s spokeswoman said it was a “private matter”.

The opposition Labour party leader Jeremy Corbyn called for an investigation into the claims made in the leaked Panama documents.

“It’s not a private matter if tax has not been paid, so an investigation must take place, an independent investigation, unprejudiced to decide whether tax is owed or not,” he said.

“This week the publishing of the Panama Papers drives home what more and more people feel, quite simply it’s this; It’s one rule for the rich and one rule for everybody else. And it’s therefore high time that we got tough on tax havens,” he said in a speech in Harlow to supporters.


Associated Links

  • Offshore finance
  • International taxation
  • Tax avoidance
  • Legal entities
  • Offshore fund
  • Prime minister
  • Tax haven
  • David Cameron

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