By Tom Winnifrith | Friday 8 April 2016
Finally at the fifth attempt David Cameron says that he has come clean about the offshore Blairmore Trust set up by his late father and exposed in the Panama Papers. Or has he come clean?
Having initially given four different "explanations" Call Me Dave as finally admitted that he had some shares in Blairmore but had paid all applicable UK taxes on dividends and capital gainns. when selling. Okay - why not say that in the first place?
But the point is that by managing money overseas Blairmore ensured that it paid no taxes on dividends or capital gains and thus its gains would have been greater than had it been operating in the UK - so what it did was legal but it did deprive the UK of tax and in doing so ensured that Mr Cameron's gains were that much greater.
Moreover it also meant that the gains of his late father were that much greater which means that the £300,000 Call Me Dave inherited from his Dad was greater than it would have been otherwise as a result of this offshoring.
Most of Call Me Dave's father's estate went to CMD's mother and that sum was also boosted by the legal tax avoidance of Blairmore. One assumes that when she passes away, Mr Cameron will again get an inheritance that has been boosted by the way Blairmore was established. In saying tat he will not beneit in the future from monies coming from tax free Blairmore is correct, but tat is only because his mum will act as an intermediary.
The sort of tax avoidance ruses which have benefitted the Cameron family at the expense of the UK exchequer are not the sort of thing you and I can do. They are the preserve of the super rich who want to be even more super rich and screw the doctors, nurses, armed forces and others funded by the UK taxpayer. Remember "paying rtaxes is or little people"
Finally folks see Cameron for what he is. A man who wriggles to avoid admitting that he is part of a small super privileged elite. e is not one of us.
As such feel free to add suitable captions to the picture below in the comments section.
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