Prime Minister David Cameron released his tax information Sunday in the wake of revelations of his father’s involvement with companies detailed in the Panama Papers.
Cameron’s rival, Labour Party leader Jeremy Corbyn, had called on him to release tax information. Protestors in London had called for Cameron to resign, with signs like, “Mossack Fonseca: Because taxes are for poor people.”
Mossack Fonseca is a Panamanian law firm, that helped clients set up anonymous shell corporations to hide money, at the center of this controversy.
The release Sunday shows that Cameron had paid the equivalent of about $107,000 on taxable income of about $282,839 in the most recent tax year.
Corbyn had called on Cameron to release his information dating back to 2005, when Cameron became Conservative Party leader, but was not yet prime minister. Cameron has not agreed to that demand.
Cameron says he and his wife sold their interest in his father’s Mossack fund four months before he became prime minister in 2010 and that they had paid the tax on the returns from the sale.
