Prime Minister David Cameron took the unusual step on Sunday of publishing his tax records to try to end days of questions about his personal wealth caused by the mention of his late father’s offshore fund in the Panama Papers.
Cameron’s initial reluctance to admit that he had benefited from the fund caused a furor, compounding his problems when he faces a huge political fight to persuade Britons to vote to stay in the European Union in a June 23 referendum, Reuters reported.
The EU issue has split his Conservative Party, while the government has been going through a tough patch over a senior minister’s resignation, a u-turn on welfare cuts and accusations it is failing to protect Britain’s steel industry.
After saying on Saturday that he could have handled the fallout from the Panama disclosures better, Cameron released a summary of his tax records for the past six years.
Labor Party leader Jeremy Corbyn has accused Cameron of misleading the public by issuing what he described as four “weasel-worded” statements in as many days before finally admitting that he had benefited from his father’s fund.
After the tax records were published, Corbyn and other politicians continued to call for further disclosures.
Some politicians who are campaigning for Britain to vote to stay in the EU in June’s referendum are concerned that the damage to Cameron is bad for their side, as he has previously been considered the best advocate for an “In” vote.
By Financial Tribune