http://www.telegraph.co.uk/news/poli...en-loans.html#
David Cameron is facing calls to pay back cheap loans of £1.2 million to the Conservative Party from companies registered in tax havens.
Quote:
The party was last night accused of hypocrisy for taking advantage of loans from offshore firms, after the Prime Minister criticised Jimmy Carr, the comedian, for using a tax avoidance scheme in Jersey.
The Conservative Party accepted the two loans on favourable terms from companies in known tax havens before the last election.
One £250,000 loan came from Juniper Trading, registered in the British Virgin Islands. It was given in 2004 at 0.25 per cent below the base rate, to be repaid in 2029.
Another £950,000 loan was made by the Medlina Foundation, based in Liechtenstein, at the base rate plus 1 per cent in the same year.
Last night a Tory spokesman said: “These are historic loans from before David Cameron was Conservative Party leader. The Conservative Party no longer accepts loans from non-UK trading companies.”
John Mann, the Labour MP for Bassetlaw, said Mr Cameron ought to hand back the money. “It would be the height of hypocrisy if he didn’t return those loans immediately. I’m sure it’s an oversight that he’ll pay attention to straight away to demonstrate his consistency.”
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I'n sure .....
