After five days of partial-truths and evasion – following the publication of the Panama Papers and constant media and political scrutiny – David Cameron was been forced to admit that he did benefit from an investment in an offshore trust based in a tax haven. We have also discovered that in 2013 Cameron personally intervened to oppose the beneficiaries of off-shore trusts being named in proposed European Union money laundering rules.
The past five days have shown both the poor judgement and the instinctive slipperiness that Cameron defaults to when he comes under scrutiny about his actions. But more than that, they have exposed once again that both Cameron and Osborne – who has his own questions to answer – have, on the subject of tackling aggressive tax avoidance and tax evasion, as on so many others, said one thing whilst doing another.
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