David Cameron has to resign.

[PirateSmile]

If there is any evidence he has had even one penny of benefit from his father's dodgy tax arrangement, surely Cameron has to go?
He's saying 'it's a private matter' whilst presumably working on his notes for next month's conference on cracking down on such tax scams. You really couldn't make it up. He will no doubt plead ignorance but that's no defence. He is the PM. He should know he's benefiting from is essentially large scale fraud.
Are we really going to let him get away with this?

One thing I was wondering was whether in the time periods leading up to each of the four preceding statements, Cameron's lawyers were running around arranging the execution of documents to enable each statement to be true. For example, his statement “there are no offshore funds/trusts which the prime minister, Mrs Cameron or their children will benefit from in future” could have been turned into truth by executing a document hours or a day beforehand to remove such a benefit. I guess we'll not know either way but then again that's the whole point of offshore trusts.

KKK Cameron might not have done something illegal but yet again he is a big hypocrite telling people to do one thing and doing another.

Why was it he criticised Jimmy Carr and called him immoral ? But didn't say jack shit to Gary Barlow who donated money to the Tories .
Wonder why he didn't criticise a Tory who gave them money???

What a mess

That's ok KKK I'm happy to amuse you.
I love being a leftie. It's good for the soul.
I least I don't cause suffering, anguish and despair.

To my mind, the question arises as to why Cameron felt that he needed to sell the shares in 2010, knowing that he was likely to become PM. If it was all so squeaky clean, he surely wouldn't have needed to?

One of the problems now is that his credibility in going after tax avoiders/evaders is gone.
Any company or individual being tackled for this is going to be able to say the PM of the UK does it.
And let's not be naive and accept that the £31,500 shares and the £300,000 inherited from his father that came from Panama which he had now declared on his fifth ( ? Losing count) statement will be the end of this. It's more likely to be the tip of the iceberg. It's possible that to prevent further embarrassing revelations he will step down.
Problem is, will his replacement be any improvement?

Problem is, will his replacement be any improvement?

Or will any on either side of the house. Let's face it there are some 'very wealthy' Labour MPs including some in the shadow cabinet. Are they all squeeky clean? Some have been very quiet on the matter.

Just watched the interview. He's in an invidious position given his statements about tax havens in the past. He clearly had full knowledge of his own beneficial interest last week and yet it's taken him this long to come clean.

That's true five
Lots of people not sticking heads above parapets. It has been noticed.
They all need to address this, every MP.
Then let's see who is left.

There may be a protest on Saturday organised by Snowden.

The press have the daggers out for DC. I am more scared of BoJo than DC.

Imagine a world with BoJo and Trump at the helm

This might be a good idea to find a replacement

Call for a debate to discuss how more disabled people can be elected as MPs

petition.parliament.uk/petitions/126231

After all, people with disabilities are beating the brunt of "austerity" measures yet are the most underrepresented group in parliament.

Agreed. As recently as 2010 - he needs to step down.

My feeling is its up there with the awful right wing press over Ralph Milliband. Sure it's fun, but surely we aren't all to be judged by our parents views/behaviour? Please.

It's not really about what his father did though, is it?
It's much more about his inability to come clean about his financial affairs, when castigating others. He could have said right at the beginning that he had once held shares in an offshore fund, which was perfectly legal, but that increased calls for transparency in tax affairs meant that such funds were seen as less and less acceptable, so he had sold his shares. But he chose not to. He has had to have the admission dragged out of him.

Is it really that surprising that people are surprised when it is revealed he is out to feather his own nest as is everyone else from the high echelons of society. I agree, tip of the iceberg, him and his buddies. All in it together? really? Get real.

The cuts are to get the paupers squabbling amongst themselves while his lot run off with the riches. What surprises me the most on here is the fact that people are surprised.

*It is

He also only sold his shares when he knew it was likely that he would become PM. No doubt if that hadn't been on the cards, he would have held onto them.

Just been listening to the interviews about this on the Today Programme. I'm not a Tory, never have been.

But I do think the fund thing is being exaggerated just to have a go at Cameron because of his rich and privileged background. It wasn't for tax evasion and it was the sort of fund that anyone who has a pension is probably invested in without necessarily being aware of it.

And he paid all the correct taxes on it when he sold the shares.

He knew in 2010 the whole thing stank to high heaven. That's why he offloaded them before becoming PM. He should've admitted it last week when it first came to light.

Hallelujah for the Grumpy voice of reason

The level of assumption and frankly ignorance about this is shocking

There are assumptions that this fund was some kind of piggy bank for the Cameron family set up for the sole reason of secrecy and avoiding tax.

It was a company set up in a beneficial jurisdiction which was an investment vehicle producing returns for investments. The tax benefit for the company is not paying UK corporation tax. Companies can domicile wherever they want. Those returns were taxable in investors' hands in whatever jurisdiction they are domiciled. Which is what DC did.

Everyone with pensions will reap the benefits of investments in similar companies which have a lower cost base and therefore maximise returns for investirs

Why is Cameron now claiming to want to outlaw precisely this sort of overseas scheme, if they are all above board?

Second thread in as many days.

Calls for his resignation are ridiculous. Totally misplaced.

I stared this thread throughthickandthin a few days ago when nobody else seemed to be inte retested in talking about it and I'm glad that we've had a meaningful debate about the subject as a result.