Panama Papers

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Panama Papers

Ho-Hum
Panama Papers: Cameron's father was Mossack Fonseca client

 

David Cameron has called for greater transparency in tax havens and a clampdown on aggressive tax avoidance and evasion. But documents leaked from one of the world's biggest offshore specialists, Mossack Fonseca, reveal that his late father used one of the most secretive tools of the offshore trade after he helped set up a fund for investors.

Dishonesty is in your bones Davey boy.

Refugees do not have the right to demand but should accept the blessings bestowed upon them gracefully by nations extending the hand of friendship.
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Re: Panama Papers

Phil Wailing
Rotten to the core, the lot of them.

We haven't inherited the earth from our parents, we have borrowed it from our children.
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Re: Panama Papers

bellend
everyone knew, no one shocked, nothing will change.
If we learn from our mistakes, why aint I a genius, If you educate the masses where's the advantage for the few?

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Re: Panama Papers

confused of hornchurch

It's the rich that gets the pleasure, and the poor that gets the blame.
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Re: Panama Papers

Percy
The biggest scam and hurdle to the high cost of land prices is that farmers and big land owners like shooting farms pay no  tax at all on that land .
Revolutions are always verbose.
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Re: Panama Papers

confused of hornchurch

HMRC caught off guard again over new tax scandal: Investigators branded 'helpless and pathetic' after being forced to ask the media for access to the Panama Papers
HMRC called 'hapless and pathetic' after investigators couldn't get papers
Yesterday, it promised to act on the information 'swiftly and appropriately'
But it has now had to write to the media asking for help getting the papers
Ex-chair of Commons accounts committee has 'NO CONFIDENCE' in HMRC

By Daniel Martin Chief Political Correspondent For The Daily Mail

Published: 00:12, 5 April 2016  | Updated: 01:23, 5 April 2016  


Britain's tax investigators were last night branded ‘hapless and pathetic’ after being wrong-footed by the Panama Papers data leak.

HM Revenue & Customs was forced to write to media organisations yesterday to request access to the 11.5million documents leaked from Panamanian law firm Mossack Fonseca.

Critics called for a wholesale shake-up of the agency to make it more effective.


Read more: http://www.dailymail.co.uk/news/article-3523635/HMRC-caught-guard-new-tax-scandal-Investigators-branded-helpless-pathetic-forced-ask-media-access-Panama-Papers.html#ixzz44wJG41Hw 
Follow us: @MailOnline on Twitter | DailyMail on Facebook
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Re: Panama Papers

confused of hornchurch

But the people of Iceland are more vocal.


Protestors pelt Icelandic parliament with eggs, yoghurt and BANANAS in call for PM to quit

TENS OF THOUSANDS of protestors have descended on Reykjavic today hurling yoghurts, eggs and bananas at the Icelandic parliament in a furious demanding for the country's beleaguered Prime Minister to quit.


By Laura Mowat  

 PUBLISHED:  06:43, Tue, Apr 5, 2016   | UPDATED: 07:19, Tue, Apr 5, 2016  
 
Thousands of people are protesting in Iceland and calling for their Prime Minister to resign


The calls come following the release of leaked documents that claim Sigmundur David Gunnlaugsson and his wife used an off-shore firm to dodge tax whilst the country's financial system collapsed.

After the under-fire leader flatly refused to quit the square and streets outside Iceland's parliament building filled with tens of thousands of furious protestors chanting for him to go.

Twitter user, @AnasIqbal, has tweeted about the situation with a video saying that many people came out to protest against the PM.

protests in Iceland Getty

The Prime Minister's controversial tax agreements have sparked anger in Iceland
Many of the protestors are carrying banners simple saying “Prime Minister Resign!”

Some people are even throwing yoghurts, eggs and bananas at the parliament building according to Norwegian newspaper, Aften Posten.

Many of the protestors are carrying banners simple saying “Prime Minister Resign!”

In Britain we just shrug and carry on.
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Re: Panama Papers

Ho-Hum
In reply to this post by confused of hornchurch
'Oh what a tangled web we weave when first we practice to deceive'.

The world's great hypocrites exposed.

Can't wait for the excuses.
Refugees do not have the right to demand but should accept the blessings bestowed upon them gracefully by nations extending the hand of friendship.
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Re: Panama Papers

dalek1
In reply to this post by confused of hornchurch
How is Piggy going to lie his way out of this one?
He must have known what his old man was up to.
And was he in receipt of some of the plunder?
Oh we don't have good old fashioned rotten fruit throwing any more?
Bring back the stocks and lets start off with some of our local councillors.
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Re: Panama Papers

bellend
I hope you are not suggesting that the right honourable Mr. David Cameron stashed a few bob in his daddy's offshore account.
If we learn from our mistakes, why aint I a genius, If you educate the masses where's the advantage for the few?

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Re: Panama Papers

dalek1
Oh perish the thought.
A fine upstanding liar oops Conservative poiltician (if there's any difference) like call me Dave.
A man of his own self interest oh sorry the people out to keep us in the wonderful EU for his own future role as EU President oh no in the interests of our people.
Would such a fine upstanding individual be involved in such shenanigans?
'Corse he would.
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Re: Panama Papers

confused of hornchurch

Surprising what yoghurt, eggs and bananas can do! What a difference a day makes!


Panama Papers: Iceland prime minister seeks early poll


48 minutes ago

 From the section Europe
 
The prime minister of Iceland has asked the president to dissolve parliament after allegations he concealed millions of dollars worth of investments in an offshore company.

PM Sigmundur Gunnlaugsson faced growing pressure over documents showing he and his wife owned offshore firm Wintris.

A big protest was held in front of parliament in Iceland on Monday.
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Re: Panama Papers

confused of hornchurch

Edward Snowden just summed up David Cameron's attitude to the Panama Papers perfectly
 
 11:02, 5 Apr 2016
Updated  13:58, 5 Apr 2016  
By Ben Glaze ,  Mikey Smith ,  Dan Bloom
 

After David Cameron declared his family's tax affairs a private matter, the fugitive whistleblower said what many people are thinking
 
Fugitive whistleblower Edward Snowden has perfectly summed up David Cameron's attitude to the Panama Papers revelations.

Yesterday, the Prime Minister wouldn't answer questions over his family's use of tax havens

Mr Cameron's father, Ian, paid no UK duty for 30 years on a firm run from the Bahamas.

When asked if any Cameron cash was hidden in offshore accounts, Downing St replied: “That’s a private matter.”

But last night, Mr Snowden, who has heavily criticised the UK's push for mass government snooping on emails and browsing histories , pointed out the PM's hypocrisy.

He tweeted, simply: "Oh, now he's interested in privacy."

Mr Cameron's father, who died in 2010, was a director of Blairmore Holdings Inc. The investment fund hired a bishop to ­allegedly help it avoid paying UK tax .

Furious anti-tax avoidance campaigners and critics last night demanded the PM come clean about his family’s riches.

Labour MP Jess Phillips said: “If he’s not sure then he should find out and rectify it as soon as possible. While tax affairs for ordinary people are a private matter, he is a Prime Minister who has committed to stamping out tax avoidance.”
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Re: Panama Papers

Ho-Hum
Say what you want BUT in my view Cameron was sent to Eton on UK Tax payers money.
Refugees do not have the right to demand but should accept the blessings bestowed upon them gracefully by nations extending the hand of friendship.
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Re: Panama Papers

Percy
Eton is subsidised by the tax payer as it like most public schools is a registered charity and avoids VAT etc.
Revolutions are always verbose.
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Re: Panama Papers

bellend
yes tax evasion, but of course these off shore bankers are the final resting place of brown envelopes.
If we learn from our mistakes, why aint I a genius, If you educate the masses where's the advantage for the few?

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Re: Panama Papers

confused of hornchurch

You may well be correct Bellend.

The postbox used by David Cameron's father to avoid paying UK tax for 30 years
 
 23:08, 6 Apr 2016
Updated  23:29, 6 Apr 2016  
By Christopher Bucktin
 

The nondescript £61.05 per year PO Box ensured Blairmore Holdings avoided paying a penny to the Treasury for three decades according to Panama Papers
 
Daily Mirror Christopher Bucktin  

Our Chris at the box used by Cameron's father
   
This is the faceless metal postbox in the Bahamas David Cameron’s father used to avoid having to pay UK tax.

It was here Ian Cameron and his “small army” of local staff – including a part-time bishop – would collect and sign paperwork which allowed them to shelter their funds on the Caribbean Island.

The nondescript £61.05 per year PO Box ensured Blairmore Holdings Inc avoided paying a penny to the Treasury in three decades of operating, according to documents .

It is the only physical evidence that can be seen on the island for the company and located more than a mile from the address given in official company paperwork.

One postal worker said: “Hundreds of locals are employed by these offshore companies simply to collect the mail. You seen them come and go every day. Millionaires’ mules we call them.”

Read more:  Cameron issues FOURTH evasive answer to Panama Papers question in 24 hours

The 12 x 18 inch box is situated hidden round the side of a post office in Nassau among thousands of others used by firms around the world.
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Re: Panama Papers

Ho-Hum
In reply to this post by Percy
Via Davey boy's tax avoidance father, his Eton school fees were thus paid by the tax payer-us!

£11,907 per half [i.e. term; there are three terms in a year].  There is a £315 registration fee and other add-ons as required.

There may well be government subsidies but the bulk is paid by parent/guardian, therefore if Davey's daddy paid by avoiding UK tax, in real terms we as individuals helped pay for the boys education because the avoidance money did not go into the UK TAX POT.
Refugees do not have the right to demand but should accept the blessings bestowed upon them gracefully by nations extending the hand of friendship.
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Re: Panama Papers

dalek1
Not just Piggy boy HH. In todays Metro Simon Cowell Sarah Ferguson and the guy bought in to clean up FIFA Gianni Infantino have all been rumbled in the Panama Papers. There's a fair few shitting themselves at the moment for sure. Well couldn't happen to a nicer bunch.
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Re: Panama Papers

confused of hornchurch

David Cameron reveals he sold share in father's offshore fund for £30,000
Mark Chandler |
1 hour  ago|

David Cameron insisted he has “nothing to hide” about his financial affairs today after revealing he and his wife sold shares worth more than £30,000 in an offshore tax haven fund set up by his late father.

The Prime Minister has faced pressure to revealed his interests since the Panama Papers leaks included details of his father's Blairmore fund.

In an interview with ITV News, he insisted that it was a "fundamental misconception" that it was set up to avoid tax, saying his father was being "unfairly written about".

And he said that while his and wife Samantha's profit from the scheme was "subject to all the UK taxes in the normal ways", it came to just below the threshold where capital gains tax would have applied.

Mr Cameron also repeated his willingness to publish his own tax returns.

He told ITV: "I paid income tax on the dividends, but there was a profit on it but it was less than the capital gains tax allowance, so I didn't pay capital gains tax, but it was subject to all the UK taxes in all the normal ways.

"So I want to be as clear as I can about the past, about the present, about the future, because frankly, I don't have anything to hide.

"I'm proud of my dad and what he did and the business he established and all the rest of it.

"I can't bear to see his name being dragged through the mud, as you can see, and for my own, I chose to take a different path from my father, grandfather and great-grandfather, who were all stockbrokers, and I've got nothing to hide in my arrangements and I'm very happy to answer questions about it."

Number 10 said Mr and Mrs Cameron bought their holding in April 1997 for £12,497 and sold it in January 2010 for £31,500.

The annual personal allowance for an individual in 2009-10 was £10,100, meaning the joint profit was just outside the threshold.

Downing Street had initially said it was a private matter before first clarifying that the PM had no offshore funds and trusts and then making clear the family would not benefit in future either.
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