Paedophile sex slave rings, billion dollar drug deals and illegal arms deals, the rich and powerful have been illicit in them all, reveals leaked documents retrieved by journalists.
From members of the British parliament to Vladimir’s Putin’s close associates, the documents reveal how global law firms and big banks have been illicit in hiding an illegal money trail and the secret offshore accounts of Presidents, Prime Ministers and Kings.
Law firm Mossack Fonseca is one of the leading firms in the creation of shell and front companies, these shell companies are used in order to conceal ownership of assets.
The Panama files have revealed how David Cameron’s father was illicit in tax secrecy. His Blairmore Holding Inc company, which was valued at over $20 million in 1998 was “not subject to paying corporation and income tax on its profits.” This news should come as a shock to David Cameron. Four years ago David Cameron promised to “end tax secrecy” stating that some tax schemes were “not fair and right.” Does this mean he thought his late father’s tax scheme was “fair and right”.
David Cameron admits he did have a stake in his fathers offshore fund
David Cameron has told ITV news that he and his wife owned shares in the Panamanian trust set up by his late father and sold them for around 30,000 in 2010. The Prime Minister has insisted that the money was subjected to UK tax rules. After initially telling journalists and the media alike that he did not profit from his late fathers trust, the Prime Minister is caught in yet another blatant lie.
David Cameron’s wife works for tax avoiders
Samantha Cameron earns an estimated £100,000 a year working for luxury leather Luxembourg based firm Smythson, it was reported in 2015. This should come as another shock to David Cameron after his boast about ‘cracking down on’ firms who flee to other countries in order to avoid paying tax in this country. So is our Prime Minster going to crack down on the company his wife is a £100,000 a year paid consultant for? As aforementioned, David Cameron vowed to “end tax secrecy” only four years ago yet in between then and now his wife worked for a tax avoiding company, is he just a bit dim, is he completely unaware of his wife’s life or is he taking us for fools? It should come as no great shock that Cameron has done next to nothing in regards to ending tax secrecy and why should he, his wife earns well over the triple average yearly wage as a consultant for a tax avoiding company: Seemingly it is not in his best interests to cut down on tax avoiding companies.
Oh, after the company shifted its headquarters to tax haven Luxembourg, the parent company of Smythson’s received a £2 million tax-payer backed loan. David Cameron has called people who avoid pay tax in the country that they work in “morally wrong”. It certainly cannot be conceived as libel to call our PM a hypocrite – Cameron should be the dictionary definition of one. His father partook in tax avoidance schemes, his wife earned a huge amount of money from a tax avoidance company, what next, will the Cameron family cat be the king-pin in the billion dollar Russian money laundering scheme? Not like it matters anyway – David Cameron will assure us that he will bring to an end companies and people who avoid paying tax through legal loopholes, nobody will believe him and the dodgy dealing will continue. Damn, maybe when he told us all that we are “all in it together” maybe he was lying about that too?
The hypocrisy of David Cameron
David Cameron has always portrayed himself as the champion of transparency. Speaking before the G8 summit in 2013, Cameron called for the removal of the “veil of secrecy” that enables certain corporations and officials to “run rings” around the law. Thus, the British government put itself at the forefront of international efforts in eliminating tax secrecy. However, we have now found out that, unbeknownst to us, Cameron was secretly blocking a move that would have cracked down on individuals using offshore trusts in a way of avoiding tax.
Only a few months after the G8 summit, David Cameron wrote to the President of the European Council stating that trusts widely used for inheritance planning in Britain should win special treatment in EU law. The suspicion here is that without the special treatment the Prime Minister helped enforce unto inheritance planning, many wealthy Tory donors and supporters would have had their wallets impacted upon heavily. Cameron is facing accusations, therefore, of giving the appearance that he is doing everything he can to eliminate tax secrecy but in actual fact, he is only doing so when it suits him and his close circle of friends.
Westminster party donors
According to the leak website; ICJJ.org, individuals illicit in using offshore accounts include donors to the current British government. It is both an unwritten and unspoken rule that these un-elected party donors do have a direct say in governmental affairs. Many of these donors are partaking in tax avoidance via the use of offshore tax havens.
Britain’s newly promoted Financial Services minister Andrea Leadsom, is a major recipient of party donations. It is thought that she gained her ministerial role thanks to donations given to the Tory party via her family. In 2014, the Tory minister ran into a “cash for office” allegation. She told the Guardian that she was unaware of the size of these large offshore donations to the Conservative party made by her own family.
Do the Panama paper revelations really come as a shock to anyone? As a global population, most of us are aware that politicians and big businesses lie to us. Double standards and hypocrisy rules throughout the world. How long will the findings of the Panama papers last in our memories? The Edward Snowden leaks should have been massive but how much has changed since in regards to the American big brother and secret NSA surveillance? We only have to hear news of Kim Kardashian’s latest nude selfie and the Panama papers, like the Snowden files will be long in the memory of most.
An outline of the people who have been implicated in the Panama Papers thus far:
Petro Poroshenko – President of Ukraine – Avoided pay tax to the country he was President of. – https://www.occrp.org/en/panamapapers/persons/poroshenko/
Lionel Messi – Professional Footballer – Tax avoidance. – https://www.occrp.org/en/panamapapers/persons/messi/
Russian officials – Many politicians, officials and businessmen relating to Russian President Vladimir Putin. – https://www.occrp.org/en/panamapapers/persons/putin/
Ian Cameron – British Prime Minsiter David Cameron’s father used offshore companies to avoid paying certain taxes. – http://fusion.net/story/287227/famous-presidents-shell-companies-trove/
Sigmundur Davíð Gunnlaugsson – The Icelandic Prime Minster was revealed to be holding million of dollars worth of unaccounted for holdings in offshore bank accounts – https://panamapapers.icij.org/20160403-panama-papers-global-overview.html
Xi Jinping – The Chinese President and his friends and family used offshore tax havens to conceal their fortunes – https://panamapapers.icij.org/20160403-panama-papers-global-overview.html
More to follow… in regards to David Cameron