The amount of flim-flam and chaff being thrown about by both supporters and critics of David Cameron over his possible involvements with off-shore tax avoidance activity is quite staggering. Some of the journalists covering it have displayed appalling ignorance. So it might be useful to try and cut through the spin and establish what we do, and don’t, know.
There at least three possible ways Mr. Cameron might have benefitted from tax avoidance that we know of – two indirectly via his father and one directly through his own investment in his father’s off-shore trust. Continue reading