Finally, David Cameron acknowledged that he had made money in an offshore tax haven totaling more than £30,000, and he admitted that he’d benefited from a controversial fund set up by his late father, Ian.
He conceded that a portion of the £300,00 inheritance his father had left him could have originated from money kept overseas.
David Cameron said he and his wife Samantha had jointly held a stake in his father’s investment fund, Blairemore, which was registered in Panama and operated out of the Bahamas.
He said they had sold the shares in January 2010—four months before he became Prime Minister—for £31,500, pocketing a tax-free profit of just over £19,000 on the deal.
To lessen the impact of his announcement, he also promised to make his personal tax return public, but he insisted that he had paid all UK taxes due on his investment during the 13 years he held it, and he promised he would now publish details of his tax return.
Opposition politicians, however, unleashed a barrage of criticism following the discoveries. Labour MP John Mann of the Commons Treasury Committee labelled him a hypocrite and demanded his resignation.
Mr Mann said that David Cameron had been less than honest, that he should resign immediately, and that most decent people would expect nothing less.
Tom Watson, the deputy leader of Labour, stated that Mr Cameron needed to reimburse a portion of the gains he gained from his offshore ventures and inquired as to why it had taken him six years to disclose them.
Mr Watson said: ‘After days of repeatedly avoiding the issue, this was an extraordinary admission from David Cameron.
‘David Cameron, who described the use of complex tax avoidance schemes as “morally wrong”, has been forced to admit that he held shares in a fund now linked to tax avoidance.
Why couldn’t David Cameron divulge all his shady dealings from day one? Instead, he proved himself to be a typical lying politician, who had to get his story correct before releasing his statement to the press, and if it’s been this difficult to get this out of him, then how difficult would it be to get the entire truth out of him?
Perhaps the police should tape off Parliament and declare it a crime scene.
When David Cameron was an MP, he had some questionable shares that he liquidated for a profit. No big deal, right? I regret to inform you that it is not justified just because he sold those questionable shares. He gained money off of his old man’s shady business while serving as a sitting MP, and that is completely wrong.
David Cameron never really answered any questions. He just gave prepared statements and then walked off with a head nod before anybody could ask any more questions.
This was the man who wanted us to put our trust in him, but only because it benefited him and no one else. But there’s never any smoke without fire. Yet this was the sort of man that people believed was morally and intellectually superior to govern us.
One should never dig a hole for themselves, and if you do, then ensure you fill it up with the truth before it gets too deep to dig yourself out of it.
He was a liar; he was always lying. His manifesto was a lie; none of it got done, but it’s not really about David Cameron fiddling with his taxes, it’s more importantly about honesty, and he got caught with his pants down.
THE MONTHLY MOSQUITO 