PM's tax planning is 'natural response' to heavy UK regulation, says IHT expert

Media coverage dismissed as a 'storm in a teacup'

Nicola Brittain

The prime minister's tax planning has received a lot of press coverage in the past week but according to Paul Wilcox, chairman of Way Investment Services, his actions were a natural response to heavy UK regulation and his family's IHT arrangements a ‘typical' mitigation solution.

Wilcox explained that investment in offshore funds, such as Blairmore Holdings, are a "natural response" to heavy UK regulation rather than an attempt to avoid tax. Cameron's father helped set up the...

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