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Cameron Publishes Tax Records after ‘Panama Papers’ Storm - ASHARQ AL-AWSAT English Archive
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London- In an unprecedented move in the British Political History, the Prime Minister’s office published on Sunday David Cameron’s tax records for the past six years after mentioning his late father’s offshore fund in the Panama Papers.

The records, which were viewed by Asharq Al-Awsat, revealed that David Cameron received around 1.1 million pounds when he was the opposition leader from 2009 till 2010 and the Prime Minister from 2010 till 2015. The records showed that he paid taxes up to 402 thousand pounds back then.

Cameron’s revenues exceeded 200 thousand pounds between 2014 and 2015, during which he paid around 76 thousand pounds as taxes for these revenues.

These earnings are from the PM’s salary in addition to leasing his family’s house in London.

Thousands of people gathered outside Cameron’s residence at Downing Street 10 in London demanding his resignation after the “Panama Papers” revealed his connection with offshore activities, thus forcing him to publish his tax records, becoming the first British Prime Minister to do so.

Cameron said on Thursday he once had a stake in his father’s offshore trust and had profited from it, but he confirmed that he sold them in 2010 when he became a Prime Minister.

In addition, the British media payed special attention to a gift of 200,000 pounds ($282,500) Cameron received from his mother in 2011 following his father’s death. Cameron said he received a £300,000 inheritance from his father when he died.

Labor Party leader, Jeremy Corbyn has accused Cameron of misleading the public by issuing what Corbyn described as four “weasel-worded” statements in as many days before finally admitting that he had benefited from his father’s fund.

Speaking in central London on Saturday, Cameron admitted: “It has not been a great week. I know that I should have handled this better; I could have handled this better. I know there are lessons to learn and I will learn them. Don’t blame No 10 Downing Street or nameless advisers, blame me.”

On the other hand, German politicians have called on British Prime Minister to do more in tackling the use of offshore companies set up in British overseas territories to evade taxes.

Cameron announced he had set up a national task force led by its tax authority and the National Crime Agency to search through the Panama Papers.