David Cameron releases tax records after row

British Prime Minister David Cameron published his tax records on Sunday in an attempt to draw a line under questions about his personal finances raised by the mention of his late father in the Panama Papers for setting up an offshore fund.

The revelations have led to demands for Mr Cameron’s resignation and handed ammunition to Opposition legislators who questioned why he was reluctant to detail his financial connections with his father.

Mr Cameron took the unorthodox step of releasing the normally confidential details after saying he should have handled the scrutiny of his family’s tax affairs better.

The documents from RNS Chartered Accountants — which cover six years — show Mr Cameron paid tax of £75,898 ($107,198) on an income of £2,00,307 in the 2014-2015 financial year, the most recent one included.

His income comprised his £1,40,522 salary, taxable expenses of £9,834, £46,899 from half of the share of rent from his family home in London and £3,052 in interest on savings, according to the record.

German politicians have called on Prime Minister Cameron to do more in tackling the use of offshore companies set up in British overseas territories to evade taxes.

“We’ll only be convincing on the international stage if we are, first of all, fully compliant in the EU and for me, that includes Britain exerting influence over its overseas territories — we need to make that clear to the Brits in the upcoming talks,” senior conservative politician Ralph Brinkhaus told German newspaper Welt am Sonntag.

Mr Carsten Schneider, a budget expert for Germany’s Social Democrats, the junior partner in Chancellor Angela Merkel’s ruling coalition, also said the British Prime Minister needed to take action in the light of last week’s revelations from the “Panama Papers”.

Meanwhile, the head of the International Red Cross’ said in an interview published Sunday that the unauthorised use of the humanitarian body’s name by entities listed in the Panama Papers poses “enormous” risks for its operations and staff.