The Guardian reports: David Cameron’s father ran an offshore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents – including a part-time bishop – to sign its paperwork.
Ian Cameron was a director of Blairmore Holdings Inc, an investment fund run from the Bahamas but named after the family’s ancestral home in Aberdeenshire, which managed tens of millions of pounds on behalf of wealthy families.
Clients included Isidore Kerman, an adviser to Robert Maxwell who once owned the West End restaurants Scott’s and J Sheekey, and Leopold Joseph, a private bank used by the Rolling Stones.
The fund was founded in the early 1980s with help from the prime minister’s late father and still exists today. The Guardian has confirmed that in 30 years Blairmore has never paid a penny of tax in the UK on its profits. [Continue reading…]
BBC News reports: China appears to be censoring social media posts on the Panama Papers document leak which has named several members of China’s elite, including President Xi Jinping’s brother-in-law.
Hundreds of posts on networks such as Sina Weibo and Wechat on the topic have been deleted since Monday morning. [Continue reading…]
Find out more about the Panama Papers.