'David Cameron has admitted he did have a profitable stake in his father’s offshore investment fund, before selling it for around £30,000 before he became Prime Minister.
The admission comes five days after a huge cache of documents were leaked – dubbed the Panama Papers – detailing the tax affairs of thousands of individuals of worldwide. The Prime Minister’s father, Ian Cameron, who passed away in 2010, was exposed as running a fund under the name of Blairmore Holdings in the papers.
Downing Street staffers initially said that it was a “private matter” whether or not Mr Cameron had benefitted from the fund. It later issued a series of statements denying the Prime Minister currently benefitted from offshore funds, or stood to do so in the future. Though, despite the clarifications, a number of questions still remained. '
http://www.independent.co.uk/news/uk...-a6973586.html