Posted: Friday, 4 January 2019 @ 13:43
With the publication of data from Mossack Fonseca, (the Panama files) we are initially meant to view this as tax evasion/fraud by the super rich and some of the political elite, but that is only part of the story.
The attack on Cameron is in fact largely unfair as he is one individual who has simply aimed to minimise his tax liabilities through what appear to be legal methods.
Who among us would choose to pay more tax than we had to? Would Corbyn/Livingstone?
That David Cameron’s mother gave him a lump sum means that her estate will avoid paying inheritance tax on it should she outlive the gift by seven years.
It is precisely what any lawyer with half a brain would have told him to do.
As I have recently read in the Telegraph's letter pages..."The danger of this whole debate is that the chief beneficiary may well be the leader of the Opposition who has a distinctly Marxist approach to taxation and inheritance of wealth, adversely affecting thousands of middle-class families in the future. The super rich will continue to secrete their money in offshore accounts."
Remember the super rich do not pay inheritance tax; they have it stashed away somewhere else.