Panama Papers: David Cameron to publish six years of tax returns

[PurpleGorilla]

You set up mechanisms to minimize your tax. What next, Boris Johnson in 'Has ISA' scandal.


Great real. This is shoddy journalism. For good journalism, read the Archbishop story in the Telegraph. Now, that is worth reading.

Did you read what I wrote?

[MarillionFan]

Did you read what I wrote?

Yeah. Left you some rep

[BlasterBates]

A lot of Funds and Unit Trusts are offshore. All funds that allow CGT to be charged are listed.

https://www.gov.uk/government/public...eporting-funds

Absolutely no comparison at all with Jimmy Carr.

David Cameron invested taxed income into an offshore fund, one listed above, approved by HMRC. He taxed the income from his invested taxed income at UK tax rates.

Jimmy Carr shoved untaxed income into an offshore fund and got the proceeds tax free.

Any journalist drawing a comparison here must be "brain dead".

[PurpleGorilla]

A lot of Funds and Unit Trusts are offshore. All funds that allow CGT to be charged are listed.

https://www.gov.uk/government/public...eporting-funds

Absolutely no comparison at all with Jimmy Carr.

David Cameron invested taxed income into an offshore fund, one listed above, approved by HMRC. He taxed the income from his invested taxed income at UK tax rates.

Jimmy Carr shoved untaxed income into an offshore fund and got the proceeds tax free.

Any journalist drawing a comparison here must be "brain dead".

This is a bit like the difference between an rolls and a bentley.

Completely different makes, but in the eyes of the public both owned and run by rich elite arseholes.

For Cameron to say Carr is abhorrent for driving a bentley, whilst he drives a rolls, is absurd.

[minestrone]

HAs anyone noticed how quiet the SNP has been over this?

[minestrone]

One might suggest that their biggest donors have been named in the papers...

oh wait..

[PurpleGorilla]

HAs anyone noticed how quiet the SNP has been over this?

All of Scotland's money is offshore.

[BlasterBates]

This is a bit like the difference between an rolls and a bentley.

Completely different makes, but in the eyes of the public both owned and run by rich elite arseholes.

For Cameron to say Carr is abhorrent for driving a bentley, whilst he drives a rolls, is absurd.

No

Cameron earnt 130 grand say paid 40 grand in tax and invested 30 grand from the remaining 90 grand in a fund.

The fund pays him a 5% dividend which Cameron taxes at Uk tax rates. At the end of several years he gets a pay out and declares this in the UK.

The investors don't avoid any tax whatsoever. The fund itself avoids tax.

A better comparison would be buying a coffee at Starbucks. When you buy a coffee at Starbucks you don't avoid tax, but Starbucks does. It is exactly the same. Cameron avoided no tax, but the fund company did. You could compare Cameron's father to Jimmy Carr, perhaps depending on how he set up the fund, though I suspect strongly it is above board, but not Cameron.

Jimmy Carr in contrast earnt 200 grand and paid no tax at all. This is completely different.

I didn't vote for Cameron, but on this he's completely innocent and in no way a hypocrite.

[darmstadt]

And do the people who go after tax care when:

[shaunbhoy]

Did you read what I wrote?

Does anyone......apart from insomniacs?