Pension fund will have money in off shore funds/trusts.
These funds set up in other jurusdictions for all manner of reasons not just tax. I read yesterday was the fund in question is now based in Ireland.
The real tax avoiders are those who set up companies or domicile themselves in tax havens so that's where they pay their tax. Cameron didn't do that and he paid income tax on his dividends here.
Posted By: Jim, Apr 9, 08:01:01
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