Britain accepts blame for offshore fund
The prime minister is one of scores of political leaders, celebrities and sports stars who have been linked to shell companies and investment trusts following last weekend’s huge data breach at the Panama City-based law firm Mossack Fonseca, which specializes in registering offshore companies.
Many waved placards portraying Cameron as an out-of-touch elitist, while others held signs mocking the Panama firm with the slogan, Mossack Fonseca:
Because taxes are for poor people.
Cameron faces mounting pressure from opposition lawmakers to reveal the full extent of his past investment in offshore trusts, particularly those run by his late father, Ian, a millionaire stockbroker who placed much off his savings in island tax havens.