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