Expand / Collapse search
Watch TV
Menu

This material may not be published, broadcast, rewritten, or redistributed. ©2022 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

Europe
Published

UK's Cameron to take tax plan to Parliament; faces grilling

Associated Press
In this image taken from House of Commons TV, Britain's Prime Minister David Cameron makes a statement to the House of Commons over his personal finances, in London, Monday, April 11, 2016, with Chancellor of the Exchequer George Osborne, right, and senior Conservative Member of Parliament Chris Grayling, left. Under mounting pressure to reveal his financial background after days of damaging headlines, Cameron is trying to restore his government’s shaken reputation for competence with a statement in the House of Commons. (House of Commons TV / PA via AP) House of Commons logo bottom right from source.

In this image taken from House of Commons TV, Britain's Prime Minister David Cameron makes a statement to the House of Commons over his personal finances, in London, Monday, April 11, 2016, with Chancellor of the Exchequer George Osborne, right, and senior Conservative Member of Parliament Chris Grayling, left. Under mounting pressure to reveal his financial background after days of damaging headlines, Cameron is trying to restore his government’s shaken reputation for competence with a statement in the House of Commons. (House of Commons TV / PA via AP) House of Commons logo bottom right from source. (The Associated Press)

LONDON – British Prime Minister David Cameron is expecting to face harsh questions in Parliament about his personal investments after releasing some tax information over the weekend.

Opposition leaders plan to challenge Cameron Monday over his explanation of his past investment in an offshore account set up by his late father.

The fund was not illegal but Cameron's disclosures have overshadowed what he claims is his government's commitment to make it harder for Britons to avoid taxes.

He plans to introduce a bill that would hold employers criminally liable if they permit employees to promote tax-dodging schemes.

Cameron's late father, Ian, has been identified as a client of a Panamanian law firm that specializes in registering offshore companies and that has just suffered the biggest data leak in corporate history.