You admitted you profited from tax avoidance, Mr Cameron – now admit you were ‘morally wrong’!

Hitting the nail on the head: Steve Bell was absolutely right with this cartoon, and didn't know it at the time (it was created two days ago).

Hitting the nail on the head: Steve Bell was absolutely right with this cartoon, and didn’t know it at the time (it was created two days ago).

Jimmy Carr must be livid.

David Cameron criticised the comedian sternly when Mr Carr’s tax affairs hit the headlines.

It has now emerged that not only had the Conservative leader been a participant in a similar scheme, but he had only cashed in his interest in it only a couple of years before he chose to pontificate on tax avoidance being “morally wrong”.

This would be the kind of tax avoidance that Cameron now admits provided him a nice dividend for 13 years, along with a profit of £19,003 – more than their original value – when he cashed in his stake in Blairmore for £31,500 in January 2010.

… If he can be believed about that.

And let’s not forget he inherited £300,000 of daddy’s cash after Cameron Sr departed this world, only a few months after those Blairmore shares were sold.

His claims about Blairmore are dubious in the extreme. Cameron reckons it was set up as a unit trust “after exchange controls went so that people who wanted to invest in dollar denominated shares and companies could do so”.

In that case, why did his father choose to base Blairmore in a tax haven, and why is Blairmore so integral a part of the biggest tax avoidance scandal any of us have known?

He’s asking us to believe too much.

There are more questions to be answered. Don’t think for one moment that we’ve got to the bottom of David Cameron’s dalliance with tax avoidance!

But even this tiny morsel provides us more food for thought.

Clearly David Cameron thinks it is perfectly acceptable to do something that is “morally wrong” in secret and then denounce it when other people are accused.

It is also clear that he spent the last few days hoping to escape this scandal without revealing even tax avoidance to the extent we learned today. He wanted to mislead us into believing he had nothing to do with any scheme so “morally wrong”.

His comments about his father display, at best, an appalling lapse of judgement and, at worst, shocking hypocrisy. How else can he be “proud” of his father, the business he established and “all the rest of it”, having told us all that Mr Carr was “morally wrong” to be involved in “dodgy tax-avoiding schemes” that were “not fair on hard-working people who do the right thing”?

It seems unlikely that Mr Cameron knows what “hard-working people who do the right thing” are.

And it is clear that he’s hoping we will leave him alone now.

We must not. It would be morally wrong.

And you know what else would be morally wrong?

Allowing David Cameron the tax-avoiding, lying hypocrite to remain prime minister would be morally wrong too!

David Cameron has admitted he profited from his late father’s offshore investment fund, which was revealed in the Panama Papers as having avoided paying tax in the UK.

The prime minister sold his stake in the Blairmore fund for more than £30,000 just four months before entering Downing Street.

Speaking after almost a week of refusing to comment on the leak but issuing four statements, Cameron said he and his wife, Samantha, held 5,000 units in the Blairmore Investment Trust from 1997 to January 2010.

Source: David Cameron admits he profited from father’s offshore fund | News | The Guardian

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19 thoughts on “You admitted you profited from tax avoidance, Mr Cameron – now admit you were ‘morally wrong’!

    1. Mike Sivier Post author

      There’s a huge difference between an ISA and what we all understand to be tax avoidance, as you know perfectly well. ISAs are permitted – indeed, encouraged – by the government, which lays down the rules under which they operate. Tax avoidance happens when a rich person employs a solicitor to find a loophole in the law so they can withhold money that would otherwise go to the national treasury. The difference can be summed up as that between overt and covert action. If tax avoidance was such a lovely thing, why hide it?

  1. paulrutherford8

    It would be naive at best to believe that Cameron Jr had no idea what Cameron Snr was up to. No ‘fatherly chats’ about how to maximise your dosh? No ‘advice’ at all?

    I think there’s a lot more to all this waiting to come out. Four denials, then an admission of a ‘relatively’ modest amount invested, in the hope that it will satisfy the minions? Why deny *any* involvement four times then admit this?

    ALL questions need answers… but first, the liar needs to be sacked.

    1. David

      Perhaps there was a culture of secrecy in the Cameron household? Never let the left hand know what the right hand is doing?

  2. Brian

    I believe this man is a lying and that even now, he is using his wife as a patsy. the last refuge of a scoundrel.

  3. Helen

    Poor thing, Mr Cameron! It’s not your fault that your father deliberately failed to pay his taxes is it? Nor is it your fault that you benefitted from your father’s lack of morals is it, nor is it your fault that you have no morals is it? You are nothing but a hypocrite. You and your party need to go, you are all liars!

  4. Terry Davies

    Clearly Cameron sought legal advice before his statement admitting he sold his before he entered Downing street.
    It should be remembered he was an advisor to Thatcher for the poll tax so was he avoiding tax during the period prior to entering Downing street. perhaps more significant is that Cameron’ s father had offshore shares in other tax havens. perhaps its likely Cameron is ongoing in avoiding tax personally or his family are to derive future benefit from inherent shares from other tax havens. He should be suspended pending indictment for fraudulent activity whilst in office. resignation is too good for cameron if this is proven.
    Dismissal as PM and the introduction of deselection by petition should be an additional legacy from this offshore tax avoidance by MPs.

      1. Mike Sivier Post author

        Perhaps someone should make it clear to them right from the get-go. Then see how many stay with you.

  5. NMac

    I wonder just how long it will take to squeeze the real facts and the truth from Cameron. Truth is alien to him and his corrupt and immoral family.

Comments are closed.