David Cameron responds to Panama Papers revelations connecting his family to offshore investment firm
Prime Minister David Cameron has defended himself over family connections to an offshore investment firm revealed in the leak from Panamanian law firm Mossack Fonseca.
Speaking following Labour leader Jeremy Corbyn’s call for an independent investigation into the tax affairs of British citizens linked to the firm, Cameron said: “In terms of my own financial affairs, 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 which we used to live in, which we now let out while we’re living in Downing Street, and that’s all I have.
“I have no shares no offshore trusts no offshore funds, nothing like that.”
The Prime Minister’s remarks come after revelations contained in the Panama Papers showed that his father Ian Cameron hired Bahamas residents to sign paperwork in order to keep offshore company, Blairmore Holdings, an investment firm, exempt from paying tax.
According to the Guardian, over the 30 years it has been operational, Blairmore Holdings has never paid a penny in tax to the UK Treasury.