LONDON — Prime Minister David Cameron clashed with the opposition Labor Party in Parliament on Monday over tax havens and his inherited wealth.
In a spirited debate over economic fairness set off by the disclosures in the Panama Papers, Cameron defended the right of Britons to “make money lawfully’’ as long as they paid their taxes.
“Aspiration and wealth creation are not dirty words,’’ said Cameron, a Conservative, attacking the Labor Party for “wanting to tax’’ anyone who wanted to pass on their home or their wealth to their children, calling that “the real lesson of today.’’
The Labor Party leader, Jeremy Corbyn, assailed Cameron for presenting “a master class in the art of distraction,’’ and accused him of “losing the trust’’ of ordinary Britons.
“Does he realize why people are so angry?’’ Corbyn asked, citing “six years of austerity,’’ much of which could have been avoided, he said, “if this country wasn’t ripped off by the super rich.’’
The debate quickly devolved into well-trod ideological paths, complete with some mudslinging, as one left-wing legislator, Dennis Skinner, was ejected from the chamber for refusing to withdraw a description of Cameron as “Dodgy Dave.’’
A Conservative legislator, Alan Duncan, accused the Labor Party of class enmity.
“Their real point is that they hate anybody who’s got a hint of wealth in them,’’ he said.
There was little blood drawn in the debate, but the furor over the Panama Papers has brought new pressure on senior British politicians to reveal their incomes and tax returns, reflecting the broader global response to the disclosures in the leaked documents about widespread use of tax-avoidance and tax-minimization methods by the wealthy and powerful around the world.
Cameron provided the public with the essence of his tax returns from the past six years on Sunday, becoming the first prime minister to do so, and Corbyn released his 2014-15 return on Monday afternoon; he paid a $142 fine for late filing.
The chancellor of the exchequer, George Osborne, also released the details of his most recent tax return, showing that he had paid more in taxes last year, about $102,000, than the $101,000 Corbyn had earned.
Mayor Boris Johnson of London, a Conservative legislator, also released figures from his latest tax returns, showing that with his newspaper column and royalty revenues taken into account, he made more money last year than Cameron, Osborne, and Corbyn combined.
The first minister of Scotland, Nicola Sturgeon, released her tax return during the weekend.
No one has accused any of these politicians of breaking the law or evading taxes. But there is a public concern, as Corbyn put it, that “there is now one rule for the super rich and another for the rest.’’
Cameron defended his government’s record in trying to crack down on tax evasion, including from British overseas territories and dependencies, which brought jeers from the opposition benches.
More than half of the more than 214,000 secret companies that the Panamanian law firm Mossack Fonseca is known to have set up, according to reports based on the Panama Papers, were incorporated in the British Virgin Islands.
Cameron said the British Virgin Islands and other British territories and dependencies, except for Anguilla and Guernsey, had promised to require more transparency about offshore companies, taxes, and beneficial owners of trusts [as opposed to blind trusts]. He said he expected Anguilla and Guernsey to agree to similar steps soon.
But Corbyn said that “the UK is at the heart of the global tax avoidance industry,’’ adding, “It’s a national scandal, and it’s got to end.’’
Cameron insisted that he was making progress to that end and said he was looking forward to an anticorruption summit meeting he is scheduled to host in mid-May that will aim to make further progress against offshore tax evaders.
Cameron announced a “new criminal offense’’ that will punish corporations “who fail to prevent their representatives from facilitating tax evasion.’’
And he repeated an announcement made on Sunday that a government task force would be set up to examine the releases from the Panama Papers scandal and determine further steps.