There is no suggestion of illegality by Troup, Simmons & Simmons or any of its clients – but then, that’s because David Cameron and Troup are among those who write UK tax law.
And it is clear that UK tax law is corruptly influenced to allow the rich the advantage of benefits that are not available to the poor – such as access to offshore tax havens.
Cameron announced on Saturday that HMRC would be working with the National Crime Agency to lead a “world-class” taskforce to investigate allegations of tax dodging and money laundering brought to light by the leak of 11.5 million files from the Mossack Fonseca.
Clearly Edward Troup, whose former employers helped facilitate the Cameron tax avoidance, must have nothing whatsoever to do with it.
The boss of Revenue & Customs (HMRC), the government department overseeing a £10m inquiry into the Panama Papers, was a partner at a top City law firm that acted for Blairmore Holdings and other offshore companies named in the leak.
Edward Troup, executive chair of HMRC since April, is a former partner at Simmons & Simmons, whose clients have included the Panama-registered fund created by David Cameron’s father, Ian.
The law firm’s name appears on dozens of emails and documents in the Panama Papers in connection with a number of companies registered with Mossack Fonseca, the offshore agent at the centre of the scandal, although HMRC said Troup had not personally dealt with the firm. Some correspondence dates back to 2003, when Troup was still a partner. The first emails to Mossack Fonseca regarding Blairmore date from 2005. It is understood that Simmons & Simmons was advising Blairmore from 2001.
There is no suggestion of wrongdoing by Troup, Simmons & Simmons or any of its clients, and nothing in the files that indicates Troup personally advised any offshore company registered with Mossack Fonseca.
Source: HMRC chief was partner at law firm that acted for Cameron offshore fund | Politics | The Guardian
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There is a clear conflict of un-disclosed interest’s here, the only recourse is to implement an investigation by the UK serious Fraud squad. Anything less would be a whitewash. All this lying by omission has to come to a stop, it is ruining the fragile British economy and undermining trust in the City.
i would not trust the torys or the tax mob how do we the ordinary people know whether these tax returns are the truth because i don’t think we will get to the bottom of it – it will be all hushed up they are all in it together in lala land all the tories think this is ok one law for them and another for us it’s got to stop tories OUT
Another greedy waster that should be held to account!
Corruption, Corruption and yet more stinking rotten Corruption.
Agree this guy should not be allowed anywhere near this work…..however as the top dog his influence will be over any proceedings like a bad rash. How on earth did this guy get promoted to head the HMRC? Who agreed to the fox taking charge of the chicken farm?? Talk about vested interests and soft touch agreements with mega international companies …… now the mist is at last clearing and just how deep this dark forces issue really is.
When Cameron boasts “We’re all in it together”, he certainly meant it, he just wasn’t directing the sound byte to include those he was addressing.