Britain’s David Cameron says he did profit from father’s offshore holdings
Britain’s Prime Minister David Cameron holds a Q&A with employees at PricewaterhouseCoopers in Birmingham, central England on Tuesday.
After days of headlines about his family’s financial affairs, British Prime Minister David Cameron has acknowledged that he profited from his father’s investments in an offshore tax haven.
Cameron told ITV news Thursday that he and his wife Samantha sold shares worth 31,500 pounds (currently $44,300) in Blairmore Holdings in early 2010, before Cameron became prime minister.
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A leak of millions of documents from a Panamanian law firm has disclosed the financial arrangements of wealthy people — including the British leader’s late father, Ian Cameron, who died in 2010.
There is no suggestion he acted illegally.
David Cameron’s office has released several previous statements saying the prime minister and his family “do not benefit from any offshore funds” — but not specifying whether they had done so in the past.
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