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David Cameron admits to profiting from offshore fund !!! Watch

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    (Original post by MrMackyTv)
    According to a poll, remain has been winning only narrowly. Some other polls suggest there's a grow in the number of Leave voters and it is now 50/50. I think after this pro-EU leaflet (especially with a petition passing 100,000 signatures overnight) there could be a spark in the number of Leave voters, which could mean they we might exit. Again, it is too early to make predictions so hold your horses.

    I might be judging too early but I don't think the Conservatives will win, they might need a coalition again to win because of what's happening. Many people are starting to think (including me) that they are rather undemocratic, because during the May 2015 elections when every party had their manifestos, they are carrying out policies that weren't mentioned in their manifesto. Such as make "all schools academies by 2020, if not then be in the process of becoming one by 2022" - they didn't mention that in their manifesto. These changes they are making to the NHS - actually, I'm pretty sure they didn't mention anything about the NHS in their manifesto except for "we can save the NHS" - really?
    I could go on forever, but I'm getting bored.
    It's off topic so I'll keep it brief.

    On the matter of the EU it also has to be remembered that the leave campaign hasn't got a single unifying message yet, something that when it is put out draws people in who were more on the fence.

    On the manifestos, there is no obligation to put all policies in the manifesto, nor is there even an obligation to carry out the manifesto pledges. On the matter of the NHS in the manifesto, that's basically all they needed to do, outbid Labour in the exact same way that Labour have to outbid the Tories on the economy.
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    (Original post by Drewski)
    I'm thinking it's going to be more like the Scottish situation - the leave people are more vocal, but the remain camp just get on with it.
    There is the difference in the attitude of the electorate though. In Scotland there was more of a split between "Westminster is good" and "Westminster is bad" than there is over the EU, where it is mostly "the EU is bad" and "the EU is bad but it's a price worth paying"
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    (Original post by JTran38)
    You're absolutely deluded to accuse me of being juvenile and a sensationalist for demanding Cameron to resign. I have a pretty good damn reason as to why he should and you've ought to listen, *******. Once you've finished reading this, don't even dare to patronise me and start accusing me of ****.

    From my understanding, Cameron brought shares in an offshore trust in 1997 and he sold his share in 2010 for about £30,000. In the same year, he had inherited £300,000 from his late father (just below the inheritance tax threshold) of which he'd admitted some of the cash may have been from his late father's offshore activities. Between 2000 to 2010, he has failed to register any of this in the Register of Member's Interest and even now, he has failed to register any of this when he had about 15/16 years to do so whilst serving as an MP. Furthermore in November 2013, he lobbied the EU to soft peddle on those who were offshore Trust Beneficiaries and I suspect that is when he tried to do everything he can to hide away the fact he profited from this offshore fund.

    Now as you're aware, 10 Downing Street has made a number of press releases during the course of this week as directed by Cameron regarding his involvement in tax heavens as the Panama Papers made huge leaks. It wasn't until yesterday that he actually admitted to the British people that he had offshore funds from his late father. Since then he lied to British people about it and it was only the pressure from people and politicians alike that he finally admitted.

    In addition to this, we also know that a number of other people such as politicians and officials are involved in this Panama Papers leak over allegations on tax heavens and please don't question me on that. The focus is on David Cameron as he is Britain's Prime Minister and therefore the spotlight is on him, not other politicians like Ed Miliband who has had allegations on tax avoidance in the past and I have already explained my viewpoint in another post in this thread.

    I have some questions for you, after reading the timeline I have listed, how do you feel about this issue? Do you passionately believe Cameron is still innocent and should not be called to resign and thus I'm talking a lot of ******* or am I talking some sense here?
    Some one needs to take a huge chill pill. Oh the irony of you claiming not to be juvenile and then literally the next sentence swearing and ranting like a deranged juvenile.
    MPs only have to declare assets worth more than £70,000. As you can see, £30,000 is quite a bit less than £70,000. So no sinister plot there either. David Cameron didn't declare the holdings to the Register of Members Interests simply because he wasn't required to.
    Your timeline literally means diddly squat. Do I feel Cameron is still innocent? Yes, of course.
    http://www.bbc.co.uk/programmes/p03qdlwc
    This tax specialist does a good job in explaining what the Cameron's actually invested in. It was not a shady trust hiding family assets from HMRC. It was a foreign hedge fund, and all relevant UK taxes on the dividends were paid in full, with no efforts to conceal or minimise that. They paid no capital gains tax only because the profit was below the minimum threshold.
    People like you see 'offshore' and jump to all sorts of sensationalist conclusions.
    When you whittle away the needless swearing and waffle in your rant, it literally boils down to David Cameron lying to the press. That is not a reason for a Prime Minister to resign.
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    (Original post by RF_PineMarten)
    I would love it if he is forced to resign, especially considering he didn't declare the interests like MPs are supposed to. He shouldn't be able to get away with not declaring financial interests like that - if he gets away with it, then it sends a message to other self serving politicians that this behaviour is fine. Something needs to happen even if resignation doesn't.

    That said, I feel it's unlikely he'll resign over this.
    MPs only have to declare assets over £70,000.
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    (Original post by Drewski)
    I'm thinking it's going to be more like the Scottish situation - the leave people are more vocal, but the remain camp just get on with it.



    No coalition necessary, Conservative government is all but guaranteed unless Labour change their leadership and manage to win back Scotland. There's no credible opposition while Corbyn is in charge and Labour can't win a General without Scottish voters.
    That's true. They lost the Scottish voters in last year's election, they could have easily had a majority because the Conservatives on barely did it. Tbh, I do think Labour needs a new leader, I find Corbyn a bit week on some issues, they need another shadow cabinet reshuffle as well because I think the shadow chancellor is a joke. They need to put more pressure on the government and get their voters back for the 2020 election. They could maybe get some Conservative votes. I don't know, time will tell.
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    He already stated in his ITV interview that he's unsure whether another £300,000 from his father's firm was subject to the same breach in tax. I have a bad feeling about this...
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    (Original post by Jammy Duel)
    It's off topic so I'll keep it brief.

    On the matter of the EU it also has to be remembered that the leave campaign hasn't got a single unifying message yet, something that when it is put out draws people in who were more on the fence.

    On the manifestos, there is no obligation to put all policies in the manifesto, nor is there even an obligation to carry out the manifesto pledges. On the matter of the NHS in the manifesto, that's basically all they needed to do, outbid Labour in the exact same way that Labour have to outbid the Tories on the economy.
    So wait... what is the unifying message on the remain campaign? I haven't got the leaflet yet but people are just saying that it is scaremongering. And also, the fact that it is so one-sided just suggests that it's like the government are giving up, like they know the British public might vote leave, hence the reason why people say it's a suicide note.

    I mean it would be nice if they could say some positive things they were going to do with each issue. I remember watching debates and when the Tories were questioned on the NHS they quickly changed topic, they clearly didn't want to to talk about it.

    For Labour to outbid the Tories on the economy they would have to be more right-wing on that issue to get more voters. Since most voters like the Tories idea for the economy. To be honest, socialism is slowly dying and capitalism is becoming a thing now, that's why people probably don't like Labour as such anymore. I mean the party is quite split on some issues like the Tories themselves. I think with Corbyn there it makes the party slightly too far left of what would be deemed okay, if you know what I mean. I think Labour has potential, they just need to do some spring cleaning.
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    (Original post by Martinnathalie9)
    He already stated in his ITV interview that he's unsure whether another £300,000 from his father's firm was subject to the same breach in tax. I have a bad feeling about this...
    The firm was not a tax-avoidance vehicle. It was a regulation-avoidance vehicle. As a distributor fund it pays out 85% of revenue in dividends and all investors are taxed in their country of domicile. Ian Cameron was always a UK resident and always paid full UK tax on his earnings from the fund. The same, obviously, for David Cameron.
    They have literally done nothing wrong. The attacks on Cameron are a pure politically motivated witch hunt.
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    (Original post by The_Dragon_)
    Its just been revealed Dave made a nice sum from his Panama account whilst avoiding paying UK tax. Will he be ousted ?
    Tbh that's pretty bad. I'm surprised he put himself in that situation, but I'd like to wait to find out more.

    Also, did he lie the first time when he was asked about this? I thought he said he hadn't profited from it.

    The PM is extremely vulnerable right now, but the outcome is highly unpredictable given the EU referendum is ongoing, the local elections, Labour being led by someone as useless as a hat full of ********s.
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    (Original post by MrMackyTv)
    So wait... what is the unifying message on the remain campaign? I haven't got the leaflet yet but people are just saying that it is scaremongering. And also, the fact that it is so one-sided just suggests that it's like the government are giving up, like they know the British public might vote leave, hence the reason why people say it's a suicide note.

    I mean it would be nice if they could say some positive things they were going to do with each issue. I remember watching debates and when the Tories were questioned on the NHS they quickly changed topic, they clearly didn't want to to talk about it.

    For Labour to outbid the Tories on the economy they would have to be more right-wing on that issue to get more voters. Since most voters like the Tories idea for the economy. To be honest, socialism is slowly dying and capitalism is becoming a thing now, that's why people probably don't like Labour as such anymore. I mean the party is quite split on some issues like the Tories themselves. I think with Corbyn there it makes the party slightly too far left of what would be deemed okay, if you know what I mean. I think Labour has potential, they just need to do some spring cleaning.
    Don't give people the 'Tory Fanboy' tag after they post one comment you disagree with as it doesn't fit your 'Labour do no wrong' agenda, and then proceed to act superior to them in every possible way. It makes people assume that they might not be the biggest 'fanboy' in the conversation.....
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    (Original post by Jammy Duel)
    There is the difference in the attitude of the electorate though. In Scotland there was more of a split between "Westminster is good" and "Westminster is bad" than there is over the EU, where it is mostly "the EU is bad" and "the EU is bad but it's a price worth paying"
    Partly shows why the remain campaign is a lot more honest. No one in the remain campaign is pretending that the EU is perfect or even great, just that on balance we're better off staying in.

    The leave campaign on the other hand has been making the EU out to be worse than Hitler, Cancer, Jimmy Saville and Voldemort combined.



    Back to Cameron, everyone knows Dave is dodgy but he may well be an asset (lol) in helping keep Britain in the EU so I hope he stays.
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    (Original post by Bornblue)
    The leave campaign on the other hand has been making the EU out to be worse than Hitler, Cancer, Jimmy Saville and Voldemort combined.
    Meanwhile remain is making out leaving would be like that
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    (Original post by Jammy Duel)
    Meanwhile remain is making out leaving would be like that
    I disagree. I think remain have been less sensationalist and more balanced/realistic.

    As Cameron said the leave campaign haven't given us a clear or precise answer as to what would happen if we leave.

    They just say 'we'll make all these brilliant trade deals', based on the assumption that the eu will give us a sweetheart deal.

    I'm certainly not passionate about the eu and of course have my reservations with it but a clear alternative hasn't really been offered. If one was, heck I could be tempted.

    It's why a referendum on the eu is such a daft idea. It's not a binary issue, not many people love or hate everything about it. Most people like some bits and dislike others.
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    I think he is doing find as PM. Let's think if he resigns, who will inherit? Labour? with Jeremy Corbyn, a real figurehead of Labour (he is a nice and moral person but definitely not a good leader), Lib Dem? let's see Tim Farron? he is already sink in Parliament? UKIP? SnP?

    David Cameron should do something on this scandal to gain his reputation again, but if he resigns, it will be crisis.
    This is what I think tho
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    (Original post by Plagioclase)
    No, but he has done something extremely immoral and totally contradictory to the policies he claims to stand for. This completely destroys his integrity regarding his claims to be tough on tax avoidance and evasion.
    Which he did before he became PM.

    There isn't anything illegal or wrong about making money in the way he has. Its called investing.

    He's paid all tax applicable and the fact it's offshore has not meant he's escaped UK tax he would otherwise pay.

    30K is pittence anyway.
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    (Original post by TheGrammarGuru)
    Don't give people the 'Tory Fanboy' tag after they post one comment you disagree with as it doesn't fit your 'Labour do no wrong' agenda, and then proceed to act superior to them in every possible way. It makes people assume that they might not be the biggest 'fanboy' in the conversation.....
    I can say whatever I want, you're not my superior. You tell me off for acting superior when in fact you're doing the exact same thing by telling me what to do, hypocrite. You're no better than David Cameron so a piece of advice would be to just watch your words, not telling you what to do, just advice you don't have to follow it.
    I don't know why you think my posts sounds like I am superior in any way because no one is complaining except you. If you wanna whine I advise you to go somewhere else, not telling, advising. I don't want to sound like I am "superior".

    I didn't say 'Labour do no wrong' read my posts carefully. Nothing in my posts suggests that I am saying Labour haven't done anything wrong, of course they've done lots of things wrong but you see, they're not the topic of the conversation... it's the Tories.

    I could say 'Don't interject into conversations' but I don't want to be on your level telling people what to do, that would again make me sound "superior"... no offense. I don't know you, you're not my boss or person of authority, I will take telling from someone else thanks.
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    (Original post by Youngmetro)
    He only owned shares and when sold and when he profited from the shares, he paid all tax.

    The sensationalism on this thread is worse than that on the Daily Mail. He's not going to resign or anything.
    Yeah, offshore doesn't mean tax free - there are legitimate uses and you can still be paying tax on it. The resignation demands are also complete sensationalism, even Labour says this isn't anywhere near serious enough to resign for.
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    (Original post by william91919)
    Yeah, offshore doesn't mean tax free - there are legitimate uses and you can still be paying tax on it. The resignation demands are also complete sensationalism, even Labour says this isn't anywhere near serious enough to resign for.
    You know it isnt an issue if even Labour backs up Cameron lool
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    (Original post by pol pot noodles)
    Cameron is innocent of accusations of tax avoidance. He did not hide or shield assets and he paid in full all reasonable taxes on his investment income.Literally the only thing you have him on is making misleading and/or false statements to the press, and to demand a Prime Minister resign over that is utter juvenile, sensationalist nonsense.
    He may be innocent but does that mean that he is free from criticism of trying to dodge questions about his involvement?He lied to the British public and he could have owned up on the same day, that's why people are suggesting he has something to hide. Surely, if you got involved in something dodgy and people were asking you questions would you answer them immediately or try and hold it off and hide? That's what he did.This is why the public is so ticked of and demanding the PM to resign because they are angry that they were lied to. This brings up questions about his credibility as a PM and suggests that he could be hiding more things. There are still more questions to be answered, but people who are demanding him to resign are definitely not juveniles and sensationalists.
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    (Original post by Mathstatician)
    He paid taxes on the dividends of the shares he owned and then sold (worth £30000). I'm not sure what the big deal is. People are kicking up a fuss when there's no real drama to be had over his conduct here.

    What his dad did is another issue but we can't expect David to be held personally responsible.
    It's called opportunism. The most frequent practitioners of which, as this thread shows, are those who don't tire of denouncing it in others.
 
 
 
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