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Re: Tax havens exposed in huge law firm leak
I saw this guy on the BBC news this morning.
BBC
Quote:
But James Quarmby, a specialist in tax planning and wealth structuring at law firm Stephenson Harwood, told BBC Radio 4's Today programme there was a "massive misunderstanding" about what Mr Cameron had invested in.
He said it was a hedge fund that was "about as boring as it gets for investments", adding that it would not be used for avoiding tax.
"It's no different from Mr Cameron investing in a UK stock," he said.
And Mr Boles told BBC Breakfast that tax evasion was a "terrible thing" but no-one was suggesting the prime minister had not made all of the payments "he was required to make under UK law or that he has in any way used any of this to try to avoid tax".
"People have to pay tax," he said. "They have to pay tax on all income, from their work or from investments and I don't care where that investment is... that is what matters, that people pay the tax that is due. The prime minister has done so."
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