He's done nothing wrong (well not with his tax anyway ;) )

He invested in a fund and paid tax on the returns made. It just happens that fund was managed in Ireland and is therefore called an overseas fund. It's no different to choosing different ISA products. And there is no tax benefit to it being overseas as the returns would still need entering on his tax return...and they were entered not hidden off it.

Then he has inherited some money. ?200k which is under the amount that becomes taxable. Anyone can do that.

When it all kicked off I thought he'd been hiding money in sneaky bank accounts or something dodgy but no he's just followed the rules and paid his taxes...nothing to see here.

I am no fan of Cameron but he has been treated pretty badly and it's all ideological not because he's committed any tax offence.

If you use ISAs, collect childcare vouchers, get tax credit etc you are minimising the tax you pay. That's all he's done.

Posted By: Tony Martin on April 11th 2016 at 18:08:18

Message Thread

Good performance by Dave in the Commons today over the Panama Papers (General Chat) - Highlander, Apr 11, 17:19:31
- It's the hypocrisy though....don't label others "morally repugnant" if you are doing it (General Chat) - admckechnie, Apr 11, 18:15:02
  - Andrew (General Chat) - Old Git, Apr 11, 18:59:13
    - Don't patronise me. (General Chat) - admckechnie, Apr 11, 19:22:34
      - The K2 tax scheme was a classic example of aggressive tax avoidance (General Chat) - Old Git, Apr 11, 19:27:38
- He's done nothing wrong (well not with his tax anyway ;) ) (General Chat) - Tony Martin, Apr 11, 18:08:18
  - He inherited 300k from his Dad... but an extra 200k went to him via his Mum so he got 500k (General Chat) - Larry Hagman, Apr 11, 18:28:33
    - if she dies before 2019 tax will be due (General Chat) - Henclrikus, Apr 11, 18:53:13
      - It's not morally wrong though. Why is it morally wrong? (General Chat) - Jim, Apr 11, 19:11:52
        
        yous asking the wrong guy (General Chat) - Henclrikus, Apr 11, 19:15:27
      - Precisely (n/m) (General Chat) - Tony Martin, Apr 11, 18:57:12
    - That's still under the limit you can get from 2 parents so still fine (General Chat) - Tony Martin, Apr 11, 18:35:25
      - Where did his mum get the 200k from to pass to Dave? (n/m) (General Chat) - Larry Hagman, Apr 11, 18:39:20
        
        I think she got it from their dodgy overseas bank account in timbuktoo (General Chat) - Tony Martin, Apr 11, 18:59:23
        
        Selling tiny babies for body parts (General Chat) - Old Git, Apr 11, 18:47:00
        
        Haha (n/m) (General Chat) - yellowman, Apr 11, 19:16:53
        
        Amen (n/m) (General Chat) - Yellalee, Apr 11, 19:05:03
        
        Lol (n/m) (General Chat) - SCC 28, Apr 11, 18:55:32
        
        you knows it (n/m) (General Chat) - Tombs, Apr 11, 18:48:51
- Oh (n/m) (General Chat) - CB41, Apr 11, 18:00:38
- Has Corbyn found his tax returns yet? (General Chat) - CWC, Apr 11, 17:41:03
  - Exactly. Left wing. Right wing. Matters not. Bad eggs all over the shop (n/m) (General Chat) - Pit, Apr 11, 18:52:43
- We are lucky to have him really (n/m) (General Chat) - Tombs, Apr 11, 17:23:24
- Wow......good insightful view of events that. (General Chat) - admckechnie, Apr 11, 17:21:40
  - To be fair (General Chat) - Old Git, Apr 11, 17:31:13
  - Ok, well how about this then......... (General Chat) - Highlander, Apr 11, 17:25:56
    - pulls City off bottom place (General Chat) - Henclrikus, Apr 11, 18:27:04

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