UK finance minister Osborne publishes details of tax return

11th April 2016, Comments 0 comments

British finance minister George Osborne on Monday released details of his 2014/15 tax return after days of controversy around Prime Minister David Cameron's finances following publication of the so-called Panama Papers.

The release showed Osborne had a total taxable income of £198,738 (247,900 euros, $283,500) and paid income tax of £72,210. It stated he had "no offshore interests in shares or anything else".

Cameron was forced to publish his tax returns over the weekend after admitting he had held shares in his late father's investment fund based in the Bahamas, which he sold before becoming prime minister in 2010.

The prime minister addressed the House of Commons Monday for the first time since the scandal broke.

While Cameron said prime ministers, finance ministers and their opposition shadows should in future declare details of their tax returns, he thought all MPs should not have to do so.

"We should think carefully before abandoning the taxpayer confidentiality in this House," he added.

© 2016 AFP

0 Comments To This Article