David Cameron admits he profited from father's offshore fund
David Cameron has admitted he profited from his late father’s offshore investment fund, which was revealed in the Panama Papers as having avoided paying tax in the UK.
The prime minister sold his stake in the Blairmore fund for more than £30,000 just four months before entering Downing Street.
Speaking after almost a week of refusing to comment on the leak but issuing four statements, Cameron said he and his wife, Samantha, held 5,000 units in the Blairmore Investment Trust from 1997 to January 2010.
The stake was purchased for £12,497 and sold for £31,500, giving the Camerons a £19,003 profit, £300 below the capital gains tax allowance. The prime minister insisted they declared the annual dividends they received from the investment, and paid full income tax on any returns.
I wonder what will be found next?
Probably that he hasn't done anything wrong.

