Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

A sign held during the March for Health, Homes, Jobs and Education in London on 16 April 2016.  (Photo: RonF via The Weekly Bull/flickr/cc)

'Dodgy Dave' Off the Hook: British PM Escapes Tax Affairs Probe

Prime Minister made over $27,000 profit from selling his shares in offshore fund set up by his father

Andrea Germanos

"Dodgy Dave" appears to be off the hook.

According to new reporting on Thursday, British Prime Minister David Cameron will not face an inquiry by the parliamentary watchdog over controversy surrounding his benefiting from an offshore fund.

The Guardian and Press Association report that the Parliamentary Commissioner for Standards, Kathryn Hudson, said she would not probe the matter. She did not explain why.

Cameron, who was dubbed Dodgy Dave last week by Labour MP Dennis Skinner, was among the global elite linked to revelations in the Panama Papers.

The trove of documents showed that his late father had set up a Panama- and Bahamas-based fund, Blairmore. Cameron was forced to admit, after "days of stalling and four partial statements" in the wake of the release of the papers, as the Guardian reports, that he made a £19,000 (over $27,000) profit from selling his shares in the offshore fund in early 2010, just months ahead of taking office. He dismissed claims that he was a tax dodger.

He said that selling them was "the simplest and clearest way" he could show he had no conflict of interest.

Many of his critics, though, critics saw a hypocritical message from the PM, as Cameron in 2013 intervened to prevent the UK from being pulled into an EU-wide crackdown on offshore tax havens.

"After years of calling for tax transparency and attacking complex offshore tax arrangements as 'morally wrong,' the Prime Minister has shown to have personally benefited from exactly such a secretive offshore investment," Labour Leader Corbyn said in a statement. "Once again the message has gone out that there is one rule for the wealthy and another for the rest of us."

The complaint to the Standards Commissioner was submitted by Campaigning Labour MP John Mann, who said, "Transparency and integrity are two of the basic standards MPs must adhere to."

The Panama Papers revelation has prompted protests and calls for Cameron's resignation.


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

... We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

'Maddening': White House Dismisses Idea of Mailing Out Free Covid Tests Like Other Nations

"Other countries have figured out better ways to get these tools into the hands of their citizens. Do better," said one infectious disease expert.

Jake Johnson ·


Dems Mark Anniversary of 13th Amendment With Calls to 'Close the Slavery Loophole'

"Prison labor is slave labor. Pass the #AbolitionAmendment."

Jessica Corbett ·


Urging Dems to 'Fight for Justice,' Progressives Launch 'Pass the PRO Act Holiday Tour'

"We've seen time and time again, when Democrats don't deliver quickly for their base and for labor, bad things happen, and you're approaching that precipice again."

Brett Wilkins ·


Dems Urge DOJ Antitrust Probe Into $43 Billion Discovery-WarnerMedia Merger

"Giant corporations must not be allowed to stomp out competition, put up barriers to enter the market, and continue to exclude Latinos from the media industry."

Jessica Corbett ·


DOJ Lawsuit Challenging Texas Gerrymandering Met With Applause, Calls for Action in Congress

"While we are grateful for the involvement of the federal government, what we need to stop the five-decade cycle of having to take legal action every 10 years is for Congress to pass the Freedom to Vote Act," said one advocate.

Julia Conley ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.


Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo