SHOULD CAMERON RESIGN 18 Responses

10 downing st says panama tax haven is a private matter

10 downing st says he's not going to benefit in the future

which means he's benefited in the past

 

so should he resign?

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Posted by pirate1111 ·

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It's all a matter of principle and for far too long, the rich have got away with tax avoidance that simply isn't open to the plebs.  All while agitating for tax cuts for the rich.  Cameron thinks it's private matter, which illustrates his cultural born to rule sense of entitlement.

 

He's the PM FFS, he's the man the British people put in charge of the country.  Is it really unreasonable for him not to be benefiting  from UK tax avoidance?

 

We are told to shop hard up benefits claimants (people who take the piss acknowledged) who do a bit on the side to shore up their incomes but to support industrial scale tax avoidance by the very wealthy.  After all, we're all partial to some duty free on our mostly rare holidays, so we're just just as guilty for saving ÂĢ40 as the super rich are for avoiding thousands. 

 

Except we're not, we don't make the rules, have the ear of the powerful, decide to cut benefits, cut/raise taxes and order citizens into war.

Carnelian
El Loro posted:

There is nothing wrong with having an offshore account provided that you declare income from it on your tax return and pay the tax. David Cameron says that the interest was put on the tax return and income tax paid so that's fine.

 

As far as the capital gain is concerned David's share would be calculated as follows:
Sale proceeds ÂĢ31,500/2 = ÂĢ15,750
Less cost ÂĢ12,497/2 = ÂĢ6,248
Equals a gain of ÂĢ9,502
Assuming that he had no other capital gains in 2009/10 he would have been entitled to an annual exemption of ÂĢ10,100. As that is more than ÂĢ9,502 there would be no capital gains tax. He would not have been required to declare that gain on his return. The same applies to his wife.

Well yes there is when you're standing at a dispatch box saying how broke the country is and how the disabled and their carers have to take the hit while the rich get a tax cut.

 

Cameron is this country's PM.  He states unambiguously that he loves the country yet he's profiting from avoiding UK taxation.  He's a traitor, not a lover of this country.

 

This is the tax that helps finance our schools, hospitals and the resources of the armed forces of mostly working class that Cameron has the power to order into a war to risk their life and limb for this country.

 

He is simply not fit for office.

 

 

Carnelian

yes he should.  This is the man who taunted Corbyn that he should sing the national anthem, yet this is also the man whose father made his fortune by syphoning off profit created in the UK to tax havens to avoid UK tax. 

Let's not pussyfoot around this.  Cameron snr made his fortune by facilitating the shoving profits made in the UK  to tax havens to avoid UK tax.  He is a traitor to this country!  As is David Cameron himself!

Carnelian

There is nothing wrong with having an offshore account provided that you declare income from it on your tax return and pay the tax. David Cameron says that the interest was put on the tax return and income tax paid so that's fine.

 

As far as the capital gain is concerned David's share would be calculated as follows:
Sale proceeds ÂĢ31,500/2 = ÂĢ15,750
Less cost ÂĢ12,497/2 = ÂĢ6,248
Equals a gain of ÂĢ9,502
Assuming that he had no other capital gains in 2009/10 he would have been entitled to an annual exemption of ÂĢ10,100. As that is more than ÂĢ9,502 there would be no capital gains tax. He would not have been required to declare that gain on his return. The same applies to his wife.

El Loro

News since I posted.

David Cameron told ITV News: "Samantha and I had a joint account and we owned 5,000 units in Blairmore investment trust which we sold in January 2010, that was worth something like ÂĢ30,000.

 

He added: "I paid income tax on the dividends but there was a profit on it but that 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."

 

Downing Street said Mr and Mrs Cameron bought their holding in April 1997 for ÂĢ12,497 and sold it in January 2010 for ÂĢ31,500.

El Loro

At this stage I've answered No.

We know that his father set up a hedge fund for investors. I'm not aware at this time that it's been established that his father or any member of his family actually invested in the hedge fund.

It's easy for Cameron to be able to say that he has no investment in that fund as he would know. It's a different matter for him to be able to go back over the years to see if any member of his family ever had any investment and if they did, did he eventually get any benefit by inheriting part of that person's estate, and how to quantify it.

 

Cameron should resign if it can be demonstrated that he has lied but I'm not aware that it has.

El Loro
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