It led to a legacy of tax avoidance – at a time when Cameron, as prime minister, was mouthing platitudes about such schemes being “morally unacceptable”.
What’s “morally unacceptable” is the behaviour of the man who is currently prime minister of the UK.
He is a man who is perfectly happy to speak against behaviour he knows the public will not accept, while secretly enjoying the benefits of it.
Would he have gained the position he has without the advantages his father bought for him – with the proceeds of tax avoidance? No.
The more we learn about David Cameron, the more it seems the façade he presents to the public is a sham.
(On a personal note, it is gratifying to see that the Guardian team writing this article appears to have taken a leaf out of This Blog’s book and dug out the hypocritical comments made by David Cameron about Jimmy Carr, when the comedian’s tax affairs became a news story. Perhaps they’ve been reading Vox Political!)
David Cameron’s father took detailed legal advice about the pros and cons of different tax havens before the fund he had helped set up was transferred to Ireland.
A leading international law firm wrote an analysis of the Cayman Islands and Bermuda as possible places to host Blairmore Holdings Inc, as it considered whether to “migrate” the investment fund from Panama.
Blairmore was moved in June 2012 to Ireland – another tax haven with many of the advantages of offshore jurisdictions.
The Panama Papers highlight how Blairmore’s directors wanted to continue to avoid paying UK taxes at a time when David Cameron was already the leader of the Conservative party.
And the move to Ireland came in the same month as Cameron, by then prime minister, was railing against tax avoidance schemes, describing them as morally unacceptable.
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