David Cameron admits that he did profit from shares in his father's offshore investment fund before becoming Prime Minis

David Cameron admits that he did profit from shares in his father's offshore investment fund before becoming Prime Minis

Assessment

Interactive Video

Business

University

Hard

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The video addresses a common misconception about Blairmore investment, clarifying that it was not set up to avoid taxes but to allow investments in dollar-denominated shares after exchange controls were lifted. It highlights that Blairmore was compliant, reported to the CVA Inland Revenue, and audited annually.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How often was the investment reported to the CVA Inland Revenue?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What can be said about the auditing process of the investment?

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