Tag Archives: tax havens

Kramer: Cameron and Osborne must stand up to despots and oligarchs

Lib Dem Economics Spokesperson Susan Kramer was not entirely impressed with David Cameron’s pronouncements on corruption. It’s fair to say she won’t be holding her breath. She said:

We welcome the Prime Minister’s announcement that those buying property in the UK or bidding for government contracts will be required to register, but quick action is vital for him to show sincerity, and any such register should be publicly available.

Don’t forget, we have heard similar platitudes before that have amounted to nothing. Back at the G8 conference in 2013 a new drive against tax havens was heralded, and the Panama Papers have exposed just how pathetic that action turned out to be.

When push comes to shove, Cameron and Osborne have shown they will always cater to the whims of corrupt billionaires from across the globe rather than pushing through real change. Unless they are willing to stand up to despots and oligarchs from places like China, Russia and Nigeria, any commitment will prove to be utterly shallow.

Posted in News | Also tagged , and | 1 Comment

Is it Game Over for Cameron?

A few years ago, the leader of the Scottish Conservatives had to resign effectively because he’d taken a few taxi journeys that he shouldn’t on parliamentary expenses. This was the result of the much stronger freedom of information rules in Scotland and was part of our own expenses scandal in 2005.

If those are the standards which merit resignation, David Cameron should perhaps have been a little more careful over the statements he made earlier in the week over his personal financial dealings. He might have told us that he didn’t have any shares now, but holding back the information that he had held shares in his father’s offshore trust for 13 years before selling them just before he became Prime Minister demonstrates a lack of candour. Why couldn’t he just have been up front about it at the beginning of the week? We should expect more from our political leaders.

Tim Farron agrees, telling the Mirror:

The Prime Minister has for days denied that he had offshore funds but has been dragged to the truth.

For ordinary taxpayers to have faith in the system they have to be able to have faith in their leaders. They deserve better than half truths and qualified statements.

It might be an idea for the Parliamentary Commissioner for Standards to review the matter to make sure that Cameron always kept to the rules on registering these shares. At first glance, it looks as though he did. The rules for registering shareholdings are as follows:

Posted in Op-eds | Also tagged , and | 40 Comments
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