Cameron vows to publish tax details after Panama Papers criticism

British Prime Minister David Cameron on Saturday promised to publish financial information from his recent tax returns, following criticism of his response to the Panama Papers linking his late father to offshore funds registered in tax havens.

Speaking about his father during a meeting of his Conservative Party, Cameron said he was "very proud of everything he did" and confirmed that he had invested in one of his father's offshore funds.

"The facts are these: I bought shares in a unit trust - shares that are like any other sorts of shares, and I paid taxes on them in exactly the same way," Cameron said.

"I sold those shares. In fact, I sold all the shares that I owned on becoming prime minister," he said.

"And later on I will be publishing the information that goes into my tax return, not just for this year but the years gone past, because I want to be completely open and transparent about these things.

"I will be the first prime minister, the first leader of a major political party, to do that and I think it is the right thing to do," Cameron said.

On Friday, Labour leader Jeremy Corbyn and other opposition leaders urged Cameron to make a statement to parliament on his links to his father's offshore funds.

Corbyn accused Cameron of misleading the public and said he had "lost the trust of the British people" by making a series of brief statements this week instead of a full disclosure.

Cameron told broadcaster ITV late Thursday that he had invested in one of his father's offshore funds, Blairmore Investment, selling his holding for more than 30,000 pounds (42,000 dollars) in 2010.

He said he did not know whether 300,000 pounds he inherited after his father's death in 2010 had come from offshore investments.

He initially said his father's use of the Mossack Fonseca law firm, which was the subject of the large Panama Papers leak, was "a private matter." His father, Ian Cameron, controlled the fund from 1982 until his death in 2010.

Cameron later made statements saying that he and his immediate family held no offshore assets and would not benefit from offshore holdings in the future.

Last update: Sat, 09/04/2016 - 15:31
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