Month: April 2016

The news over the last few days has been full of the fallout from the so called Panama Papers. Something that we’ve known to be true has been proved to be true by the leak of these documents – that the wealthy and large companies hide their income in offshore trusts and companies and so avoid large tax bills. It has been an uncomfortable few days for David Cameron, the Prime Minister, as it was revealed that his late father had a company based overseas which meant that he paid no tax in the UK. Over a few days Mr Cameron has been gradually forced to admit that he did, in the past, benefit from this offshore company that his father set up. As a result he has now been forced to reveal his tax returns for the last five years since he became Prime Minister. Continue reading “Pay unto Caesar”