Corbyn Goes After Cameron Over Tax Avoidance Allegations

Michaela Whitton (AM) :  Jeremy Corbyn has hit hard at David Cameron’s avoidance of ‘taxing’ questions after the revelations his late father ran an offshore fund. In the wake of the papers leaked from Panama-based law firm, Mossack Fonseca, the Labour leader has urged the Prime Minister to come clean on his taxes and pursue an investigation into his father’s dirty dealings.

Left of centre. EPA/Will Oliver

Left of centre. EPA/Will Oliver

I think the Prime Minister in his own interest ought to tell us exactly what has been going on,” Corbyn said at the launch of Labour’s local elections campaign on Tuesday.

After David Cameron’s initial response — which was to claim the allegations were a “private matter” — Corbyn, along with much of the British public, disagreed. Cameron has since denied that he or his family receive any benefit from his father’s offshore company, which has paid no tax in the U.K. for 30 years.

Corbyn insisted it is only a private matter inasmuch as it’s a privately held interest, but it is not a private matter if tax has not been paid. Taking things a step further, he said an independent and unprejudiced investigation must take place to decide whether tax is owed or not.

The opposition leader condemned tax havens, which he claimed have become hotbeds of international corruption, tax avoidance, and tax evasion.“They are sucking revenues out of our own country and many others, fuelling inequality and short changing our services and our people,” Corbyn said, adding this dynamic is especially unacceptable as council budgets and services are being cut.

Since writing, David Cameron told ITV News that he did profit from his father’s offshore business after all. “We owned 5,000 units in Blairmore Investment Trust, which we sold in January 2010. That was worth something like £30,000,” he said.”

The recent admission makes Corbyn’s sentiment all the more valid. “The super-rich elite dodge their taxes and flout the rules all over the world. There can not be one set of tax rules for the wealthy elite and another for the rest of us,” he claimed. “The unfairness and abuse must stop,” he added.

Michaela Whitton, The Antimedia

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