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A Suburb in Stockport

10 10 / 10 from 9 Reviews

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Mozza posted..

[QUOTE=OliverJohnstone]I'm not entirely sure that's true Mozza.

What Google and the like do is not what Blairmore does. What Jimmy Carr did was similarly nothing like what Cameron was doing with his money.

I am led to believe that as a collective investment fund, Blairmore wouldn't have paid corporation tax even if it had been registered to the UK. The tax liability is transferred to the underlying investor of which the PM was one AND which he paid in full.

The inheritance tax gifts is perfectly legal and is in the spirit of the law as well as the letter. It is not a loophole.

[/QUOTE]

Oliver, I'm not sure either of us know much about the technicalities of this, but come on...Panama? Two big gifts from mummy which will likely not pay inheritance tax?

I'm sure they've been clever enough for this not to be illegal, he can afford the very best in advisors, but ethically it loses him a lot of credibility.

I'm pointing out something that we're never going to agree on...if you manage to avoid paying inheritance tax of 40% or whatever it is, even if it's the £90,000 tax of what Cameron has admitted to have been "gifted" (put together all the people that have done that) that's less money for the country... And when you're chasing down people on a 70 quid benefit it all seems (without swearing) like the world is one crazy upside down place.