In the continued fallout after the release of the Panama Papers, British Prime Minister David Cameron faced a barrage of criticism Monday from the House of Commons over revelations that his late father set up an offshore trust that Cameron then benefitted from.
The appearance marked Cameron’s first remarks to members of parliament about the Panama Papers, a massive leak of internal documents from a Panama-based law firm that revealed earlier this month the offshore business dealings of world leaders and politicians.
The Panama Papers showed that Cameron’s father created an investment company offshore that did not pay British taxes. Cameron said he did financially benefit from selling his shares in his father’s company in 2010, but said his involvement was within the law. He also said he was “angry about the way my father’s memory was being traduced.”
On Monday, Cameron proposed new measures that would go after British corporations that do not crack down on tax evasion through offshore accounts, making tax avoidance a criminal offense.