Cameron’s Panama problem could vanish if he distanced himself from his dad | Tax Research UK

Last Updated: April 6, 2016By
The tax cutter and the tax dodger: David Cameron won't regain public confidence until he distances himself from his late father.

The tax cutter and the tax dodger: David Cameron won’t regain public confidence until he distances himself from his late father.

Richard Murphy’s verdict on the ‘Panama papers’ saga so far is that David Cameron has definitely not got himself off the hook and has, if anything, made a situation worse by every comment he has made.

I was asked by Nick Ferrari on LBC this morning whether the Panama Papers story has already run away from David Cameron and is now out of his control. I suspect Nick may be right on this one, but I made the following points.

First, Cameron has not spoken about his father. He is not, I stress, responsible for what his father did, but he must have a view. He could have said that much as he respects his father, much as he loves him and much as he is grateful for what he did for him he has to disagree with him on the use of offshore. This is what mature, responsible, children sometimes have to do: they have to say that they disagree with their parents. But Cameron has not done this.  That, to me is quite significant, because it suggests that David Cameron may not have that disagreement, and I would find that deeply troubling.  It would imply that all the conflicts of interest that are at the heart of the concern that has been raised about his family’s affairs are real. If  he laid those concerns to rest by making the type of comment I suggest I am quite sure that his own political progress on this issue would be much easier for him.

Second,  David Cameron has said two things. Firstly he’s has said that his family does not benefit from offshore at present, and that he does not think it will do so in the future. I accept his assurance on the present: he should know. But he cannot give that assurance for the future: there is some good reason for believing that his mother may still have an interest in his late father’s company, in which case it is of course entirely possible that David Cameron may benefit from it at sometime to come, or that his children will.  As a consequence his word on this is simply not worth relying upon.  That is a big error of judgement on his part.

Source: Tax Research UK » What David Cameron has to say

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  1. jbw31 April 6, 2016 at 7:29 pm - Reply

    Didn’t he inherit from his Dad or have I got that wrong? That means he got some of the money etc that his father made from tax evading/avoiding investments.

  2. Nick April 6, 2016 at 9:56 pm - Reply

    David Cameron family will benefit for sure in the future his dad was no fool he will benefits on his mothers death ?

    when parents die they hand over what assets they have built up over a lifetime to their children. this is normally done via the family’s lawyer who deals with the tax arrangement’s if any etc

    when David Cameron mother passes away the taxman will be able to tell on what he has inherited as they have the power to look at his bank details as does the DWP
    so he needs to come clean now otherwise he risks getting caught out at a later date

  3. jeffrey davies April 7, 2016 at 8:36 am - Reply

    but then its all crooked the lot of em the poor pay their share but those who have more like to escape that bit of paying greed hay

  4. Barry Davies April 7, 2016 at 9:45 am - Reply

    He has benefitted from it Eton Oxford fathers will and will continue to benefit from it unless like everything else he has messed up and lost it.

  5. mrmarcpc April 7, 2016 at 2:47 pm - Reply

    But he won’t because he loved his daddy, supposedly or he’s afraid if he did, something else will be revealed!

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