Tag: UK tax law

• Friday, April 8th 2016 - 08:05 UTC

  Cameron finally admits he owned shares in an offshore trust, which he sold in 2010

  

  British Prime Minister David Cameron has said he and his wife Samantha owned shares in an offshore trust set up by his late father, before selling them for £30,000 in 2010. The PM has faced questions over Blairmore Holdings, an offshore company set up by his late father, Ian, and finally on Thursday he old ITV News he had paid all UK taxes due on the profits he made from the sale of the shares and said the firm had not been set up to avoid tax.

• Wednesday, April 6th 2016 - 07:39 UTC

  Labor leader Corbyn says UK should consider “direct rule” on overseas territories acting as tax havens

  

  Pressure mounted on Prime Minister David Cameron on Tuesday to impose “direct rule” on British overseas territories after several of them figured as tax havens in the leaked Panama Papers that have caused ripples around the world.