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Cameron family fortune made in tax havens
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Originally posted by NotAllThere View PostAre they multimillionaires in terms of assets, or in terms of income?Comment
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Originally posted by AtW View PostAt the time of his death in late 2010, Ian Cameron left a fortune of £2.74m in his will, from which David Cameron received the sum of £300,000. (AtW's comment: so that's just below threshold when inheritance tax would kick in - HM Revenue & Customs: )
Inheritance tax is assessed on the estate as a whole, not the individual bequests.Comment
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Originally posted by Gonzo View PostPoint of order!
Inheritance tax is assessed on the estate as a whole, not the individual bequests.Comment
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Originally posted by Old Greg View PostWe need retrospective legislation to close this loophole.'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.Comment
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Originally posted by SantaClaus View PostYep, let's get some advice from India.
"Donald Turner, 68, has spent much of his life telling people how to beat their taxes, first in a series of seminars run out of his one-man "church" and then in a book aimed at helping wealthy professionals shield their income by creating phony trusts on far-off islands.
That book said nothing about going to jail, but that's where he's headed for the next five years
Senior U.S. District Judge Maurice Cohill Jr. last week sent him to federal prison for conspiracy to impede the IRS and ordered him to pay $408,000 in restitution to the United States."
Source: Offshore tax schemes guru gets five years in prison - Pittsburgh Post-GazetteComment
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