‘Cameron must RESIGN’ MPs and social media furious at PM’s admission over offshore funds

Friday, April 8, 2016
By Paul Martin

SENIOR MPs and have called for David Cameron’s immediate resignation after being “less than honest” about profiting from his father’s offshore fund.

Fri, Apr 8, 2016

The Prime Minister finally admitted after days of questions he had personally benefited from his late father’s investment firm, which was based in a tax haven in the Bahamas.

He admitted owning thousands of shares with his wife Samantha, which he claims to have sold off for £30,000 weeks before he became the Prime Minister.

Cameron admitted the shares were bought from his father’s firm Blairmore in 1997, during an interview with ITV’s Robert Peston last night.

He said: “Samantha and I had a joint account.

“We owned 5,000 units in Blairmore Investment Trust, which we sold in January 2010. That was worth something like £30,000.”

The Conservative leader insisted he did not need to pay capital gains tax on the £19,003 profits he made as it came in just below the £20,200 joint threshold for him and Sam.

He also claimed to have paid income tax every year on the pay-outs they enjoyed from the shareholding, adding: “There are millions of people who own shares in Britain, many of whom hold them through unit trusts.

“And Blairmore was licensed by the Inland Revenue and reported to it every year.”

The Rest…HERE

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