David Cameron Faces Pressure to Resign After Panama Papers Leak
Politics| | By Margo Gothelf
Blairmore Holdings, was found in the leaks. Cameron shared that he had owned shares in the trust, “but insisted the money was subjected to UK tax rules,” shared ITV News.The Panama Papers have hurt another high-profile political figure with many people asking for his resignation. David Cameron’s name was attached to the papers thanks to his late father, whose offshore fund,
Over 125,000 people have signed a petition online asking for Cameron to “shut down all British-owned tax havens.” The hashtag, #ResignCameron, has also gone viral across social media with many citizens sharing their opinion about the leak.
#resigncameron b/c you think it's moral to impoverish our disabled & ethical to conceal benefits received from your dad's tax haven.— Harry Leslie Smith (@Harryslaststand) April 8, 2016
pic.twitter.com/7OsPI7XLrG — M Barak Cherguia (@CherguiaMbark) April 8, 2016Cameron initially denied any involvement in Blairmore Holdings until the papers revealed his name. He admitted his fault explaining: “He and his wife Samantha bought a £12,497 holding in his father’s offshore trust in April 1997 for and sold it in January 2010 for £31,500,” reported The Independent. “I paid income tax on the dividends, but there was a profit on it but it was less than the capital gains tax allowance, so I didn’t pay capital gains tax, but it was subject to all the UK taxes in all the normal ways,” explained Cameron. Boaty McBoatface” incident where a $287 research vessel was donned the moniker following an online vote. Cameron is hoping to put the incident behind him and not be forced out like Sigmundur Gunnlaugsson, the Prime Minister of Iceland, was after the exposé of the papers.