DUBLIN — British Prime Minister David Cameron faced mounting pressure Friday over his involvement in offshore investments after he finally admitted he benefited from his father’s Panama-registered trust, an entity exposed by this week’s massive data leak at a law firm specializing in global tax avoidance. Lawmakers from opposition parties demanded that Cameron tell the House of Commons whether he holds, or held, other similar investments in trusts beyond the reach of the British tax system. The issue — which has ensnared scores of leaders, stars and others since Sunday’s unprecedented leak of 11.5 million documents from clients of law firm Mossack Fonseca — is causing particular damage to Cameron, who for years has campaigned prominently for a crackdown on global tax avoidance. After three days of obfuscating statements, Cameron admitted Thursday night he had sold more than about $48,450 at the time in shares in his late father’s Blairmore Holdings, an investment vehicle that Mossack Fonseca helped organize in the Bahamas.

Sections:  u.s.   
Topics:  Georgia   Chatham County   Augusta   
RELATED ARTICLES
  • Savannah River Site resumes normal activity
    A suspicious item was discovered Wednesday afternoon at the Savannah River National Laboratory, which prompted emergency response activities. Following a thorough investigation, the suspicious item was determined to be non-threatening and Savannah River Site has returned to normal operations, according to a news release. More
  • South Carolina escapee captured in Columbia County
    A prisoner who escaped from a South Carolina corrections facility was arrested in Appling after a passerby reported the man fighting with a woman on the side of the road. According to a news release from the Columbia County Sheriff's Office, police responded to the 6400 block of Cobbham Road around 11 a.m. More
  • Pipeline hearing set for Thursday in Evans
    The committee to evaluate petroleum pipelines in Georgia will hold a public hearing in Columbia County on Thursday. The hearing at 10 a.m. in the auditorium of Building A at the Evans Government Center Complex at 630 Ronald Reagan Drive is the second of three the Joint State Commission on Petroleum Pipelines are holding. More
  • Columbia County seeks woman who searched through wallet
    The Columbia County Sheriff's Office is seeking a woman for questioning after surveillance footage showed her searching through a lost wallet before turning it in. read more More
  • How to minister to undocumented immigrants
    There's a mantra...Read more More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News