It won't be popular to say it, but there was no tax avoidance

It's a bog standard retail investment fund. If you have a pension, you'll probably have money invested in something very similar. And he'd pay UK tax on any profits he made from the investment (in fact the profit he made on the investment in it was too small to pay any tax on).

I should say, I'm no particular fan of Cameron's. But the coverage of this story is misleading (and, I think, raconnected to the referendum).

Posted By: jampersands, Apr 8, 13:16:38