[DemolitionRed]

I think we'd find he did a preferential sale and that his assets in Blairmore were worth considerably more than what he sold them for.

[Scarlett.]

Originally Posted by MTVN

Well after all that Cameron's taxes actually show nothing of interest at all, nothing illegal and nothing that's even very shady. I see no reason why he should publish all his taxes from before he was PM - to even release what he has is pretty unprecedented and makes him by far the most transparent PM we've ever had

Except, you know, that 'gift' of £200,000 from his mother, shortly after his father's death.
http://www.bbc.co.uk/news/uk-politics-36007718

[the truth]

this weasel is giving a different version of events every day and simply avoiding the whole question.....mr slippery must never wriggle off the hook on this. frankly he has GOT TO RESIGN

[MTVN]

Originally Posted by Chewy

Except, you know, that 'gift' of £200,000 from his mother, shortly after his father's death.
http://www.bbc.co.uk/news/uk-politics-36007718

I'd say that falls into the 'nothing that's even very shady' territory. That's a very common practice that any decent accountant would advise a family on and its not exactly outrageous for parents to want to support their children as much as possible. Cameron has never made a secret of the fact that he was extremely lucky to be born to privileged parents

Martin Lewis, founder of MoneySavingExpert.com, said it was wrong to call Mrs Cameron’s gift to her son ‘tax avoidance’.

‘The rules are plain – you can give money from income, or give money more than seven years before you die and there’s no inheritance tax. Utilising that isn’t dodgy,’ he said.

http://www.dailymail.co.uk/news/arti...#ixzz45UleKpKM

[arista]

"Martin Lewis, founder of MoneySavingExpert.com, said it was wrong to call Mrs Cameron’s gift to her son ‘tax avoidance’. "

Yes he was on many TV news channels
saying just that.

[Ammi]

..inheritance tax has never made sense to me...someone works their whole life and pays tax on their earnings..(ok, Mr Cameron senior didn't pay tax on all of his money but in general I mean/for those who do etc..)...if they're fortunate enough to have savings and invest, then tax is applicable there as well...then it's taxed again with inheritance tax when that person dies...it's like the Bob Dylan lyrics, how many times must a man (or woman..)..pay tax...

[DemolitionRed]

Clearly, what Cameron has shown in his tax returns thus far are self regulated.
He said in 2012 that he would publish his tax returns. This funny document does not meet that commitment, and one has to wonder why he has gone to the effort of putting together this summary (for clarity, it is said) and not just published the returns, or published the returns alongside the summary.

http://www.taxresearch.org.uk/Blog/2...the-whole-one/

[Cherie]

I don't know why this thread has wandered into inheritance tax, the thresholds are there to be used by everyone not just the privileged few which seemed to be the original point.

[bots]

Originally Posted by Cherie

I don't know why this thread has wandered into inheritance tax, the thresholds are there to be used by everyone not just the privileged few which seemed to be the original point.

because people are clutching at straws to make a demon out of Cameron.

Anyone who has had to manage significant sums of money understands that choices have to be made in managing it. This thread is just highlighting that the majority of negative contributers have never been in that position and therefore don't understand the realities.

[smudgie]

Plenty of people I know have gifted their cash or properties to their kids.
Makes absolute sense, as long as they allow you to carry on living there and don't put you on the street. The council don't take to kindly to it and are not fussed on rehousing you.
The biggest reason nowadays was to stop spending it all on care home fees.

[user104658]

Originally Posted by smudgie

Plenty of people I know have gifted their cash or properties to their kids.
Makes absolute sense, as long as they allow you to carry on living there and don't put you on the street. The council don't take to kindly to it and are not fussed on rehousing you.
The biggest reason nowadays was to stop spending it all on care home fees.

True. Also, technically the money I got when my mum died was a "gift" from my dad. It was money that was in her pension and she intended to be left to me and my sister, as my parents separated 10 years before she died. However, they never finalised a divorce and their "separation agreement" was long expired by then, so although they were still separated, legally they were the same as any married couple, so her pension all went to my dad when she died. He then split it in half and gave the money to me and my sister.

Thinking about it, it's a good thing he's not a total arsehole or he could legally just have kept it ...

That said, transfer of cash and assets before death is technically a "tax dodge". I don't have any moral issue with it exactly as I don't particularly agree with inheritance tax: that money and those assets have already been taxed and really people should be able to leave their worldly goods to their loved ones without the government taking a chunk... BUT if you are involved in politics you really have to play by the rules. Or risk being a hypocrite. You can't be in charge and tell everyone else which rules they must play by, then play by different rules yourself.

[Kizzy]

The inheritance tax angle is for me an unwelcome deflection on the real issue which remains the use of tax havens.
As said inheritance is money already taxed (for most)

[arista]

3:30PM the PM is Live in Parliament today
talking about Tax

[Kizzy]

Oh god they've dug up the emergency ghoul monotone Mogg...

'He said it was wrong to suggest that tax avoidance could be immoral. David Cameron should not have condemned legal tax avoidance by the commedian Jimmy Carr, he suggested.
We have to remember that tax evasion is illegal, but tax avoidance is not. People are not supposed to arrange their tax affairs, as Lord Clyde famously said, to allow the Inland Revenue to put the largest shovel into their stores. People are entitled to use legal means, such as buying duty free or ISAs or pension funds, not to pay more tax than required by law ...

Some, particularly on the left, elide evasion and avoidance. That has been a great mistake and has confused people about the two. Evasion is illegal and people can go to prison for. Avoidance is, buy duty free.

There is no morality in this question at all. It’s a question of what the law says. If parliament can’t pass proper laws that collect the right amount of tax, that’s the fault of parliament, not of the people obeying the tax law.'

BUT turns out he's talking rubbish...

In an earlier interview on the programme Graham Aaronson, a leading tax barrister who has chaired two government committees looking at tax avoidance, said that this was wrong, and that tax avoidance has a much narrower definition.

I may be helpful just to stand back and say what do we mean by tax avoidance. As you have just said, of course we are dealing with transactions that are completely legal. That isn’t the issue. The issue, when one talks about tax avoidance, is whether something, although legal, is dodgy, a bit smelling. What’s the criterion to test this? Both the committees that I have chaired, and the highest court in the land, have adopted a very simple working principle that a course of conduct that is entirely legal but is contrary to what parliament would have expected taxpayers to do, that can be described as tax avoidance. Something that parliament did not intend its legislation to be used in that way.'

http://www.theguardian.com/politics/...-politics-live

[Kizzy]

It just gets murkier....

Labour has stepped up demands for an independent inquiry into the Panama Papers leak after it emerged the head of HM Revenue and Customs (HMRC) was previously a partner at a law firm which represented a number of offshore companies - including Blairmore Holdings, the fund set up by David Cameron's father.

'HMRC has been given in a lead role in the £10 million taskforce launched by Mr Cameron to investigate allegations of wrongdoing linked to the Panama Papers leak of more than 11 million files from Panamanian law firm Mossack Fonseca.'

http://www.independent.co.uk/news/uk...-a6978071.html

[the truth]

politicians when passing bent laws or circumventing them immorally or illegally become emboldened to keep doing so and it only gets worse and worse. The fact he keeps changing his story day by day, the fact hes saying its wrong and immoral for jimmy carr and others shows him to be a deceitful immoral hypocritical liar. the fact hes the man meant to be in charge of fighting to stop this massive tax evasion makes his position untenable.

[arista]

George Osborne
has now published his Tax Returns.

Corbyn needs to find his Tax Returns
before Weds Live PMQ's?

Ref: LBC

[arista]

The PM is Live Now
all media

[arista]

Dennis Skinner
the Old Sod
was just Ejected from the House



Simple because he refused to stop saying
"Dodgy " Dave


The Word Dodgy can not be used at Any PM.

[Scarlett.]

Originally Posted by arista

Dennis Skinner
the Old Sod
was just Ejected from the House



Simple because he refused to stop saying
"Dodgy " Dave


The Word Dodgy can not be used at Any PM.

Including Tony Blair?

[joeysteele]

I am pleased to hear of actions that are now being planned and taken as to these accounts as outlined by the PM today.
At least that will be something to have come from this list being made known.

[arista]

Originally Posted by Chewy

Including Tony Blair?

Yes but now known as the Illegal War Monger

[DemolitionRed]

Here in this article Snowden talks in Vancouver about how the Panama papers highlight the need for whistleblowers.

http://globalnews.ca/news/2621323/sn...histleblowers/

[billy123]

Originally Posted by arista

Dennis Skinner
the Old Sod
was just Ejected from the House



Simple because he refused to stop saying
"Dodgy " Dave


The Word Dodgy can not be used at Any PM.

The Beast of Bolsover is great im glad he stuck to his word and refused to withdraw his comment a politician that speaks his mind is a rare thing these days.
There are worse things he could have called the dirty piggy fiddler.

Youtube video

[DemolitionRed]

I saw that live today bobnot but I enjoyed watching it again. Camerons assassins smile was a picture.