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David Cameron's father 'ran offshore fund that paid zero UK tax for 30 years'

http://www.independent.co.uk/news/uk/home-news/david-cameron-father-ian-cameron-blairmore-holdings-panama-papers-offshore-tax-haven-fund-leak-a6967671.html

David Cameron’s father was allegedly involved in hiring what has been called a small army of Bahamas residents including a part-time bishop to sign paperwork for an offshore fund in what may have been an effort to avoid paying UK tax.

Papers leaked from the Panama-based law firm Mossack Fonseca are said to suggest Ian Cameron was part of the scheme as a director of Blairmore Holdings Inc.

The investment fund was reportedly run from the Caribbean but named after Cameron family’s ancestral home in Aberdeenshire.

The fund, created in the early 1980s with the help of the prime minister’s late father, is believed to still exist today.


And people vote for these morons.

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Original post by Josb
You think nobody did the same among the Labour?


Several Tories have been mentioned in the leaks so far, and none of Labour.
Reply 3
Original post by Josb
You think nobody did the same among the Labour?


So? that doesn't exonerate him.

OP: Tbh, I'm quite okay with fiscal conservatives or free-market conservatives dodging taxes. They think taxation and therefore government services and spending should be minimal. No problems with them as long as they don't vote for spending increases.

But Cameron is not that kind of conservative (apparently). He's a Big Society or "compassionate" conservative or whatever ******** term careerist politicians have invented to explain why they've got no principled stances on anything that might jeopardise their chances to rule.
Original post by JordanL_


The fund ... is believed to still exist today



It sounds so sinister doesn't it, believed to exist.

Here is its website.

http://www.sandwfunds.com/blairmore-global-equity-fundV

What is more, if you have $100,000 you too can invest in it.

There is even an application form on the website.
Reply 6
Original post by Sisuphos
So? that doesn't exonerate him.


I didn't say that. I was answering OP's generalisation that "people still vote for these morons".
Who gives a ****, labour destroyed this country beyond recognition with diversity and multiculturalism
Original post by Josb
I didn't say that. I was answering OP's generalisation that "people still vote for these morons".

No Labour figures were found on the list, numerous Tories are. Our own prime ministers family engages in massive corruption.
:dontknow:

It's not particularly surprising to see politicians' wealthy families implicated in this. As long as they weren't directly involved in illegal activity themselves I don't care.

The story will not do any damage.
Original post by EccentricDiamond
Who gives a ****, labour destroyed this country beyond recognition with diversity and multiculturalism


We have a Tory government. AGAIN. You;re are going to have to start blaming them at some point. They're in power now, not Labour.
(edited 7 years ago)
Original post by TimmonaPortella
:dontknow:

It's not particularly surprising to see politicians' wealthy families implicated in this. As long as they weren't directly involved in illegal activity themselves I don't care.

The story will not do any damage.

The whole point is that it's legal. That we allow this to happen, that we in effect legalise corruption. The same people benefiting from this make and influence the law on this.
Last year s parliamentary report showed the big four accountancy firms in effect advised on and write the tax laws so try know exactly how to exploit them. These firms who gain hugely from tax avoidance write our tax laws.

It's akin to allowing Jimmy Saville and Rolf Harris to draft our child protection and sexual assault laws...

Supporting It because it's legal is a circular argument. It's like saying weed should babe illegal, because it's illegal. Or it would be like saying marital rape should have been legal, because it was illegal.
(edited 7 years ago)
its not solely a conservative thing look at the russians and the chinese people implicated, some of whom were members of the politburo........very communist/socialist or whatever of them to funnel funds into panama right?????
David Cameron isn't responsible for the dickish behaviour of his father. The only thing relevant to our judgements on David Cameron is what David Cameron himself does, and you can have a field day on that topic.

I mean ... what exactly is the point in publishing this story? His Dad was greedy and used legal means of tax avoidance to keep more money for himself. So what? It's not relevant one iota to what we should think about David Cameron, both as a person and as a leader.
(edited 7 years ago)
Original post by Bornblue
Supporting It because it's legal is a circular argument.


No, it isn't. If you're suggesting that we should take steps to curb people's ability to avoid tax by moving money offshore I'm broadly right there with you, but to condemn individuals for making use of the laws as they are is an entirely different matter. I don't blame anyone for using the legal means that are available to them to protect their money.

As for your point that David Cameron's views may be influenced by the fact that he has benefited from these arrangements: well, quite, but leaders will always have particular experiences leading them to have more or less favourable views of different laws or systems etc. There's no avoiding that. We just have to judge our leaders on the basis of what they've done.
Original post by neal95
its not solely a conservative thing look at the russians and the chinese people implicated, some of whom were members of the politburo........very communist/socialist or whatever of them to funnel funds into panama right?????


So the Conservative party are as corrupt as Russian Oligarchs or the communist party of china? How is that a defence? :laugh:

(edited 7 years ago)
it's not the avoiders of taxes than you should blame - it's the governments/politicians that make the laws that don't cover these people within the tax system
it's like having a law that criminalises something and having no way of enforcing that prohibition - can you *really* blame people who exploit logical flaws in such systems?
any rational person will try to get away with the most amount of *legal* tax avoidance possible. that's not something you can blame them for. it's the irrational state that fails to cover these people in the tax system.
Original post by ChaoticButterfly
So are Conservative party are as corrupt as Russian Oligarchs or the Communist party of china? How is that a defence? :laugh:



its daves dad not him thats been implicated right. i am not daves biggest supporter but in my eyes he is innocent until proven against him. sins of the father and all that jazz
Original post by AlmightyJesus
it's not the avoiders of taxes than you should blame - it's the governments/politicians that make the laws that don't cover these people within the tax system
it's like having a law that criminalises something and having no way of enforcing that prohibition - can you *really* blame people who exploit logical flaws in such systems?
any rational person will try to get away with the most amount of *legal* tax avoidance possible. that's not something you can blame them for. it's the irrational state that fails to cover these people in the tax system.


They are often one of the same. We are becoming very plutocratic. You could argue they have more influence and power than MPs. The government will work with them in designing rules with the intention of letting them know how to exploit loop hoes etc. David Cameron's wing of the Conservative party represents these people. One of them was his own dad!
Original post by Bornblue

Last year s parliamentary report showed the big four accountancy firms in effect advised on and write the tax laws


Well gee, how silly it is to have accountants help in the drafting of extremely technical laws that involve matters of accountancy. What outrageous corruption!

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