The full extent of PM David Cameron’s dodgy tax dealings are been leaked to the public “in installments”, according to Deputy Leader of the Labour Party Tom Watson.
Cameron came clean about his tax affairs yesterday after dodging questions for nearly a week. The revelations show:
– The PM and his wife bought in to the Panama-incorporated Blairmore fund to the tune of 5,000 units.
– The pair sold the stake for an almost three-fold return before Cameron entered No. 10.
– Cameron dodged paying capital gains tax on their Blairmore stake because their profit was just below the threshold for couples of £20,200.
– The £300,000 the Prime Minster inherited when his father died was just below the £325,000 threshold at which inheritance tax was due.
Protests have been arranged outside Downing Street on Saturday by campaigners calling for the PMs head. Earlier this week Iceland’s Prime Minister stepped down following similar protests.
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
