David Cameron faces sleaze probe over offshore trust scandal

View previous topic View next topic Go down

David Cameron faces sleaze probe over offshore trust scandal

Post by cat woman on Fri Apr 08, 2016 8:29 pm


The Prime Minister is today facing a sleaze inquiry into his failure to declare his shares in a shady offshore fund.

Campaigning Labour MP John Mann said he will refer David Cameron to the Parliamentary standards watchdog for keeping the £30,000-worth of offshore shares a secret during his years in Opposition.

"Action will have to be taken, there's no question about it," Mr Mann told the Mirror.

"He has broken the rules and principles of standards in public life.

"Transparency and integrity are two of the basic standards MPs must adhere to."

Mr Mann added: "This is a matter for the standards commissioner and I will be reporting David Cameron to her."


In a bombshell interview on Thursday evening Mr Cameron finally admitted he and wife Sam held thousands of shares in his late father's offshore trust, which was based in a tax haven in the Bahamas.

They trousered thousands of pounds in profits after flogging the shares for £30,000 just before he became Prime Minister in 2010.

The PM never declared the shareholding on the Parliamentary Register of Members' Interests, despite having held them since first becoming an MP in 2001.



Although their value fell below the threshold at which they must automatically be placed on the register, the MPs' Code of Conduct goes on to say that any other holding which "might reasonably be thought by others to influence his or her actions, speeches or votes" should also be made public.


As Leader of the Opposition Mr Cameron made countless speeches about tax without ever admitting he owned the shares in an offshore fund.

Furious demands for the PM to resign grew overnight, following his sensational admission that he had £30,000 stashed away in his Dad's tax haven.

The hashtag #ResignCameron is the number one trend on Twitter at the time of writing, with MPs, celebrities and furious Brits calling for the PM to step down.

Fugitive whistleblower Edward Snowden led the charge last night, within hours of the Prime Minister coming clean about the offshore trust.

And support for a protest planned for Saturday outside Downing Street is gaining momentum.

Mr Cameron and his wife repeatedly pocketed fatcat dividend pay-outs over the next 13-years before finally selling their shares for a whopping £19,000 profit, shortly before he became Prime Minister in 2010.

“Samantha and I had a joint account,” Mr Cameron said.


“We owned 5,000 units in Blairmore Investment Trust, which we sold in January 2010. That was worth something like £30,000.”

Mr Cameron insisted he did not need to pay capital gains tax on the £19,003 profits he made as it came in just below the £20,200 joint threshold for him and Sam.


And he said he had paid income tax every year on the dividend pay-outs they had enjoyed from the shareholding.

“There are millions of people who own shares in Britain, many of whom hold them through unit trusts. And Blairmore was licensed by the Inland Revenue and reported to it every year,” he said.



HERE'S WHY HE'S BEEN REPORTED TO THE STANDARDS COMMISSIONER

Under the Code of Conduct for Members of Parliament, point 4:
“When considering registration, Members are also required to keep in mind the overall purpose of the Register, which is to provide information about any financial interest or other material benefit which a Member receives which might reasonably be thought by others to influence his or her actions, speeches or votes in Parliament, or actions taken in his or her capacity as a Member of Parliament. If a Member has any financial interests which meet that purpose but which do not fall clearly into one of the defined categories, he or she is nonetheless required to register them, normally under the Miscellaneous category.”

Paragraph 13 of the Code of Conduct for Members of Parliament provides:
“Members shall fulfil conscientiously the requirements of the House in respect of the registration of interests in the Register of Members' Financial Interests. They shall always be open and frank in drawing attention to any relevant interest in any proceeding of the House or its Committees, and in any communications with Ministers, Members, public officials or public office holders.”

http://www.mirror.co.uk/news/uk-news/david-cameron-faces-sleaze-probe-7715449#ICID=sharebar_twitter


Should David Cameron resign?


YES

94%




NO

6%
avatar
cat woman

Posts : 143
Join date : 2016-03-26

View user profile

Back to top Go down

Re: David Cameron faces sleaze probe over offshore trust scandal

Post by cat woman on Fri Apr 08, 2016 8:29 pm

add my vote to that
avatar
cat woman

Posts : 143
Join date : 2016-03-26

View user profile

Back to top Go down

Re: David Cameron faces sleaze probe over offshore trust scandal

Post by Just wanted to say on Fri Apr 08, 2016 10:28 pm

cat woman wrote:
The Prime Minister is today facing a sleaze inquiry into his failure to declare his shares in a shady offshore fund.

Campaigning Labour MP John Mann said he will refer David Cameron to the Parliamentary standards watchdog for keeping the £30,000-worth of offshore shares a secret during his years in Opposition.

"Action will have to be taken, there's no question about it," Mr Mann told the Mirror.

"He has broken the rules and principles of standards in public life.

"Transparency and integrity are two of the basic standards MPs must adhere to."

Mr Mann added: "This is a matter for the standards commissioner and I will be reporting David Cameron to her."


In a bombshell interview on Thursday evening Mr Cameron finally admitted he and wife Sam held thousands of shares in his late father's offshore trust, which was based in a tax haven in the Bahamas.

They trousered thousands of pounds in profits after flogging the shares for £30,000 just before he became Prime Minister in 2010.

The PM never declared the shareholding on the Parliamentary Register of Members' Interests, despite having held them since first becoming an MP in 2001.



Although their value fell below the threshold at which they must automatically be placed on the register, the MPs' Code of Conduct goes on to say that any other holding which "might reasonably be thought by others to influence his or her actions, speeches or votes" should also be made public.


As Leader of the Opposition Mr Cameron made countless speeches about tax without ever admitting he owned the shares in an offshore fund.

Furious demands for the PM to resign grew overnight, following his sensational admission that he had £30,000 stashed away in his Dad's tax haven.

The hashtag #ResignCameron is the number one trend on Twitter at the time of writing, with MPs, celebrities and furious Brits calling for the PM to step down.

Fugitive whistleblower Edward Snowden led the charge last night, within hours of the Prime Minister coming clean about the offshore trust.

And support for a protest planned for Saturday outside Downing Street is gaining momentum.

Mr Cameron and his wife repeatedly pocketed fatcat dividend pay-outs over the next 13-years before finally selling their shares for a whopping £19,000 profit, shortly before he became Prime Minister in 2010.

“Samantha and I had a joint account,” Mr Cameron said.


“We owned 5,000 units in Blairmore Investment Trust, which we sold in January 2010. That was worth something like £30,000.”

Mr Cameron insisted he did not need to pay capital gains tax on the £19,003 profits he made as it came in just below the £20,200 joint threshold for him and Sam.


And he said he had paid income tax every year on the dividend pay-outs they had enjoyed from the shareholding.

“There are millions of people who own shares in Britain, many of whom hold them through unit trusts. And Blairmore was licensed by the Inland Revenue and reported to it every year,” he said.



HERE'S WHY HE'S BEEN REPORTED TO THE STANDARDS COMMISSIONER

Under the Code of Conduct for Members of Parliament, point 4:
“When considering registration, Members are also required to keep in mind the overall purpose of the Register, which is to provide information about any financial interest or other material benefit which a Member receives which might reasonably be thought by others to influence his or her actions, speeches or votes in Parliament, or actions taken in his or her capacity as a Member of Parliament. If a Member has any financial interests which meet that purpose but which do not fall clearly into one of the defined categories, he or she is nonetheless required to register them, normally under the Miscellaneous category.”

Paragraph 13 of the Code of Conduct for Members of Parliament provides:
“Members shall fulfil conscientiously the requirements of the House in respect of the registration of interests in the Register of Members' Financial Interests. They shall always be open and frank in drawing attention to any relevant interest in any proceeding of the House or its Committees, and in any communications with Ministers, Members, public officials or public office holders.”

http://www.mirror.co.uk/news/uk-news/david-cameron-faces-sleaze-probe-7715449#ICID=sharebar_twitter


Should David Cameron resign?


YES

94%




NO

6%

Hmmm politician with double standards not unusual at all, so while we were all in it together and tightening our belts to face this austerity together Cameron and friends where collecting their fortunes tax free, hidden away from the poor working class slogging for a pitiful wage and paying tax on that pitiful wage.
Scum bags should be exposed and drummed out.
avatar
Just wanted to say

Posts : 71
Join date : 2016-03-26
Location : England

View user profile

Back to top Go down

Re: David Cameron faces sleaze probe over offshore trust scandal

Post by Hornblower on Sun Apr 10, 2016 8:01 pm

we're all in it together lol
avatar
Hornblower

Posts : 56
Join date : 2016-04-08

View user profile

Back to top Go down

Re: David Cameron faces sleaze probe over offshore trust scandal

Post by Just wanted to say on Sun Apr 10, 2016 8:22 pm

Hornblower wrote:we're all in it together lol

funny how they have all the money and power though. lol!
avatar
Just wanted to say

Posts : 71
Join date : 2016-03-26
Location : England

View user profile

Back to top Go down

Re: David Cameron faces sleaze probe over offshore trust scandal

Post by cat woman on Thu Apr 14, 2016 8:52 pm

funny how they don't give a hoot about the working class yet if it wasn't for us they wouldn't survive , we're slaves making them richer .
avatar
cat woman

Posts : 143
Join date : 2016-03-26

View user profile

Back to top Go down

Re: David Cameron faces sleaze probe over offshore trust scandal

Post by Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum