David Cameron still won't say whether his family does or will benefit from an offshore fund

[forest444]

British Prime Minister David Cameron is still leaving questions unanswered about the offshore fund set up by his late father Ian Cameron in Panama for "taxation purposes." Information about the fund Blairmore Holdings Inc. was made public in the massive leak of documents from the internal database of corporate law firm Mossack Fonseca (the Panama Papers).

The big question posed by the revelation is whether Cameron's family still has money in the fund, which has still not been directly answered.

Yesterday afternoon the Prime Minister's spokesperson told journalists, who asked whether the Cameron family still had money in a Panama offshore fund "That is a private matter. I will focus on what the government is doing." When Cameron was asked a similar question today by Sky News political editor Faisal Islam, he again failed to fully clarify the issue.

Cameron said that he himself doesn't have any offshore funds; but he does not say whether his family does or whether he or his family will benefit from Blairmore Holdings in the future.

These are very important questions. As Business Insider pointed out yesterday, if Ian Cameron did have assets outside of the UK they would have been administered in the territories in which they were registered – we don't know if there were any offshore assets and if there were, who they went to.

Earlier today Labour leader Jeremy Corbyn called for an independent investigation to carried out into Cameron's family's tax affairs. He has not yet said whether he is satisfied with the answer Cameron gave Faisal Islam.

At: http://www.businessinsider.com/camerons-unanswered-offshore-questions-2016-4?r=UK&IR=T

[Bad Dog]

1. Of course he bloody won't. He went to Eton, he doesn't have to explain himself to the hoi polloi.

Even so, the pressure is mounting. The latest.

Downing Street has been forced to further clarify David Cameron's financial affairs after questions about his family's tax arrangements.

No 10 said there were "no offshore trusts or funds" that the prime minister or his immediate family would benefit from "in future".

Labour say questions still remain and want him to publish his tax returns.

It comes after a row over an investment fund set up by Mr Cameron's late father Ian.

http://www.bbc.co.uk/news/uk-politics-35977340

[forest444]

2. Good to hear. The pressure is mounting as it should be.

It's always the same with these people: austerity and taxes for thee; but not for me.

To paraphrase General Allenby, pound him.

[Bad Dog]

4. I think the biggest threat to Cameron comes from his own party.

Once the referendum is over I can see Boris mounting a leadership challenge.

[Denzil_DC]

3. Just the fact that Cameron has to discuss this at all is damning.

Most of us lesser mortals who weren't born with a silver service in our gobs will never be put on the spot where we have to distance ourselves from what daddy did with his moolah, or have the luxury of a very well-paid job with a tied mansion that drives us to have to let our spare house to somebody for the duration so we're not out of pocket.

[Bad Dog]

5. The tabloids, (themselves owned by multi millionaires) won't pick up on that though.

[Bad Dog]

6. More damning revelations.

David Cameron expressed concerns in 2013 over EU efforts to reveal the beneficiaries of offshore trusts.

He wrote to EU officials saying there were "important differences" between trust and shell companies and plans for public ownership registers for firms may not "be appropriate generally".

The PM is facing questions over an investment fund set up by his father.

A spokesman said the PM felt at the time including trusts may "distract" from action in areas of most concern.

http://www.bbc.co.uk/news/uk-politics-35983222

I still think he'll survive until the referendum at least. If shagging a dead pig doesn't unseat him I don't know what will.

[Bad Dog]

7. Pressure is still mounting on Cameron, but I don't think it's enough.

From the BBC.

Labour has accused David Cameron of "hypocrisy" after he revealed he had owned shares in an offshore fund set up by his late father.

On Thursday, the PM said he sold the shares before he entered Number 10 in 2010 and had paid all UK taxes due on profits from the £30,000 sale.

He said the firm, Blairmore Holdings, had not been set up to avoid tax.

Labour's deputy leader Tom Watson said the PM had called people who invested in similar schemes "morally wrong".

http://www.bbc.co.uk/news/uk-politics-35994283