Following a torrid week, during which Cameron found himself
and his family under siege after revelations over his father’s offshore trust
and his wife’s £53,000 (US$75,000) taxpayer-funded stylist, the embattled PM
published some of his financial records on Sunday.
The release of tax details came grudgingly after four
carefully-worded statements from his advisers on his tax history over the
course of the week.
He has since admitted that he mishandled the disclosure and
that he did profit from the sale of his portion of his late father’s fund.
His records also showed he received a £200,000 ‘gift’ from
his mother which some commentators are claiming was given as a means of
avoiding inheritance tax.
The laws he is expected to announce will make firms
criminally liable if their employees aid in tax evasion.
Speaking ahead of what is likely to be a fraught appearance
in the Commons on Monday, Cameron said: “This government has done more than any
other to take action against corruption in all its forms, but we will go
further.
“That is why we will legislate this year to hold companies
who fail to stop their employees facilitating tax evasion criminally liable,”
he added.
Saturday saw thousands of people attend a rally outside
Cameron’s official residence at 10 Downing Street to call for the PM’s
resignation. It is possible that opposition leader Jeremy Corbyn will go for
the political jugular in the House of Commons on Monday.
On Sunday the Labour leader told the BBC that the Panama
revelations proved there is “one rule for the rich, one for the rest” and
called on MPs of all parties to publish their tax records in order for there to
be trust.
“Day by day, a little bit more comes out about the prime
minister’s tax arrangements,” he said, calling the Panama leaks as a whole just
“the tip of a very large iceberg.”
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