David Cameron has admitted he benefited from a Panama-based trust fund set up by his father in an offshore tax haven.
Mr Cameron is one of many world leaders and government officials caught up in the Panama Papers leak this week, which revealed various offshore tax minimisation schemes used by prominent people.
He told a British television network he owned a small stake in his father’s offshore account until 2010.
Mr Cameron and his wife, Samantha, sold it for £31,500 ($A59,000) four months before he was elected Prime Minister.
Mr Cameron said he was unsure whether the £300,000 ($A560,000) inherited from his father had been taken from the trust fund.
“I obviously can’t point to the source of every bit of money and dad’s not around for me to ask the questions now,” he said.
Labour MP John Mann criticised the revelations and called for the PM to resign, saying he had covered up the link and misled the public. – Ben Rochlin
Photo of David Cameron from the Conservative Party’s Flickr photostream.
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