British Prime Minister David Cameron acknowledged in a TV interview on Thursday that he once had a stake in his late father's offshore trust, which was revealed in the "Panama Papers" leak from a law firm.
Cameron told ITV News that he had owned shares in the Panamanian trust, Blairmore, but had sold them in 2010, before becoming prime minister.
"We owned 5,000 units in Blairmore Investment Trust, which we sold in January 2010. That was worth something like £30,000", he told the television channel.
"I paid income tax on the dividends. There was a profit on it but it was less than the capital gains tax allowance so I didn't pay capital gains tax," Cameron said.
Cameron was expected to publish his tax returns as soon as possible, Sky News said in a tweet.
Cameron's late father, Ian, was among tens of thousands of people named in leaked documents from Panama law firm Mossack Fonseca which showed how the world's rich and powerful stash their wealth..
The firm specializes in establishing offshore companies, which could be used to avoid taxes, but there are several legitimate reasons for individuals and corporations to set them up.
In a statement on Tuesday, a spokesman for Cameron said that the prime minister, his wife and their children did not benefit from any offshore funds at present.
On Wednesday, a spokesman for Cameron said: "There are no offshore funds or trusts which the prime minister, Mrs Cameron or their children will benefit from in future." -Reuters
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔