The House of Cameron is built on tax haven money

Posted on

As the Guardian reports this morning:

David Cameron's father ran a network of offshore investment funds to help build the family fortune that paid for the prime minister's inheritance, the Guardian can reveal.

Though entirely legal, the funds were set up in tax havens such as Panama City and Geneva, and explicitly boasted of their ability to remain outside UK tax jurisdiction.

And this is the man who talks about a general anti-avoidance rule saying:

"With the large companies, that have the fancy corporate lawyers and the rest of it, I think we need a tougher approach.

"One of the things that we are going to be looking at this year is whether there should be a general anti-avoidance power that HMRC can use, particularly with very wealthy individuals and with the bigger companies, to make sure they pay their fair share."

But as ARC - the senior HMRC staff union say:

 The general anti-avoidance rule [the government is proposing] is a Trojan horse, which suggests tough action while actually facilitating avoidance.

They are right. Cameron's posturing is pure hypocrisy to protect his own kind, and even his kin.