Browse content similar to 07/04/2016. Check below for episodes and series from the same categories and more!
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More repercussions from the Panama Papers - | :00:09. | :00:18. | |
David Cameron has admitted profiting from his father's offshore | :00:19. | :00:20. | |
investment fund before he became the UK Prime Minister. | :00:21. | :00:31. | |
Russia's President Putin says his opponents are trying | :00:32. | :00:33. | |
to destabilise Russia by linking him to the leaks from Panama. | :00:34. | :00:36. | |
We'll also be live at the heart of the story, in Panama, | :00:37. | :00:39. | |
where the president says he'll improve transparency. | :00:40. | :00:40. | |
This is Nazimuddin Samad, a 28-year-old law student | :00:41. | :00:42. | |
He had publicly criticised radical Islam in Bangladesh. | :00:43. | :00:46. | |
We'll ask why several secular activists | :00:47. | :00:48. | |
And Sweden has opened a hotline for foreigners to phone and ask any | :00:49. | :00:52. | |
questions you might have about the country. | :00:53. | :00:53. | |
I'll play you the call I made earlier. | :00:54. | :01:10. | |
David Cameron has revealed today that he and his wife sold shares | :01:11. | :01:13. | |
worth more than ?30,000 - approximately $42,000 - | :01:14. | :01:15. | |
in an offshore tax haven fund set up by his late father shortly before | :01:16. | :01:19. | |
That was back in 2010. Mr Cameron has faced questions over Blairmore | :01:20. | :01:34. | |
Holdings, a company set up by his father, Ian Cameron, in the 1980s. | :01:35. | :01:36. | |
He went on to say he did not have "anything to hide" | :01:37. | :01:38. | |
He said he paid all British taxes due on the profit. | :01:39. | :01:44. | |
The fund was revealed by the Panama Papers leak | :01:45. | :01:46. | |
Samantha and I had a joint account and we owned 5000 units | :01:47. | :01:53. | |
in Blairmore investment trust which we sold in January | :01:54. | :01:55. | |
2010, that was worth something like ?30,000. | :01:56. | :01:59. | |
I paid income tax on the dividends but there was a profit on it | :02:00. | :02:04. | |
but that was less than the Capital Gains Tax Allowance so I didn't | :02:05. | :02:07. | |
pay capital gains tax but it was subject to all the uk | :02:08. | :02:10. | |
taxes in all the normal ways. | :02:11. | :02:15. | |
That is just coming out in the past hour or so. Let's cross over to our | :02:16. | :02:24. | |
political correspondent, Iain Watson. Good to have you with us. | :02:25. | :02:28. | |
Can you explain reviewer is the significance of what David Cameron | :02:29. | :02:33. | |
said? It is significant in a couple of ways, firstly on when he decided | :02:34. | :02:39. | |
to disclose this information. When BBC's Panorama and other programmes | :02:40. | :02:45. | |
around the world published the Panama Papers, leaked from the law | :02:46. | :02:48. | |
firm, what they showed was a whole range of people of involved in tax | :02:49. | :02:54. | |
avoidance schemes. -- people involved. David Cameron's father, | :02:55. | :02:58. | |
Ian Cameron, set up Blairmore Holdings initially and it was said, | :02:59. | :03:05. | |
from Downing Street, that that was a private family matter. Because of | :03:06. | :03:08. | |
the following headlines David Cameron felt he had to give more | :03:09. | :03:11. | |
information couple of days ago and said he did not hold any shares or | :03:12. | :03:16. | |
investments in offshore trusts, trusts that effectively helped to | :03:17. | :03:20. | |
minimise people's tax bills. But the story kept coming and finally he | :03:21. | :03:24. | |
said that, in the past, and I think the decision to do this was taken | :03:25. | :03:27. | |
last night incidentally, he said that in the past, yes, he did have | :03:28. | :03:41. | |
shares in the investment trust, he sold them at a profit, but he wants | :03:42. | :03:44. | |
to draw a line under this by pointing out the investment trust | :03:45. | :03:47. | |
his father set up was not, in his view, primarily a tax avoidance | :03:48. | :03:48. | |
scheme at all. It was actually set up in the 1980s | :03:49. | :03:51. | |
when capital controls were lifted and people used to be restricted | :03:52. | :03:54. | |
from what they could take in and out of the UK in terms of investments | :03:55. | :03:57. | |
and this was to help people trade in dollar shares and not primarily to | :03:58. | :04:00. | |
avoid tax and that in fact he paid tax on his dividends. He profited at | :04:01. | :04:06. | |
the level that did not make him liable to capital gains tax, for | :04:07. | :04:10. | |
example, so the significance is firstly, why did he not tell people | :04:11. | :04:15. | |
about this sooner, and secondly, we now know that he did have an | :04:16. | :04:18. | |
investment in what certainly his political opponents are saying was a | :04:19. | :04:24. | |
trust set up to help avoid tax, at the very time of course he was | :04:25. | :04:27. | |
campaigning for more tax transparency, so tonight that Labour | :04:28. | :04:30. | |
opposition are choosing him of double standards. He wants to draw a | :04:31. | :04:36. | |
line under it, as you mentioned. But what might the ramifications be for | :04:37. | :04:40. | |
Mr Cameron speaking out on this issue no? Well, I think he took the | :04:41. | :04:44. | |
calculation it was better to speak now rather than have any further | :04:45. | :04:48. | |
information or anything else leaked out into the newspapers or dragged | :04:49. | :04:52. | |
out of them. What he wants to do really concentrate on his campaign | :04:53. | :04:55. | |
to keep Britain inside the European Union and this is proving a huge | :04:56. | :04:58. | |
distraction and so for that reason he gave further information. If he | :04:59. | :05:03. | |
can close this down now and people feel they have heard enough and he | :05:04. | :05:06. | |
has been more transparent than any other Prime Minister, they will move | :05:07. | :05:09. | |
on. There is no back question that what he did and his father dead was | :05:10. | :05:14. | |
legally aboveboard. No laws were broken in doing this but the | :05:15. | :05:17. | |
question is whether there will be a political embarrassment for him | :05:18. | :05:21. | |
because next month he is chairing a big conference all about corruption | :05:22. | :05:24. | |
and tax avoidance, how to clamp down on it, and given that that is the | :05:25. | :05:30. | |
case it was six years in the past and while he was in Opposition, not | :05:31. | :05:34. | |
Government, he did hold shares in companies that have now become very | :05:35. | :05:39. | |
controversial. Iain Watson, explaining that, one of our top | :05:40. | :05:42. | |
stories right now. I want to stay with it but moved to another part of | :05:43. | :05:44. | |
the world. Vladimir Putin denies "any | :05:45. | :05:45. | |
element of corruption" over It's western propaganda, he says, | :05:46. | :05:47. | |
accusing his opponents of trying The Russian president has been | :05:48. | :05:51. | |
striking back at the allegations that link him to a number | :05:52. | :05:58. | |
of offshore companies through some This is from his talk | :05:59. | :06:00. | |
in St Petersburg at the Truth TRANSLATION: Do you know what a | :06:01. | :06:20. | |
product of the news means? They tackled the offshore accounts. Your | :06:21. | :06:25. | |
humble servant was not there. There is no subject to discuss, but the | :06:26. | :06:31. | |
task has been received. One must work on it. How? They made a product | :06:32. | :06:35. | |
for the news. They found some of my acquaintances and friends, dug into | :06:36. | :06:39. | |
something and put it together. I saw those pictures. There are many | :06:40. | :06:42. | |
unspecified people in the background. The photo of myself is | :06:43. | :06:45. | |
placed in the foreground in large size. The idea is being developed. | :06:46. | :06:52. | |
Mr President of Russia has a friend who did something, possibly it has | :06:53. | :06:56. | |
an element of corruption, but which element of corruption? There is | :06:57. | :07:00. | |
none. The fact that the establishment, as an example, the | :07:01. | :07:06. | |
USA, it has Oregon shown by WikiLeaks. -- already been shown by. | :07:07. | :07:14. | |
That was President Vladimir Putin speaking out. | :07:15. | :07:15. | |
So why did Vladimir Putin have to speak out, when he's not even | :07:16. | :07:18. | |
Well, many of the media organisations which broke the story | :07:19. | :07:21. | |
focused on a suspected money laundering ring which involved | :07:22. | :07:24. | |
This man was central to it - he's called Sergei Roldugin, | :07:25. | :07:27. | |
he's a cellist and a close friend of Mr Putin. | :07:28. | :07:30. | |
He is the official owner of companies which appear to be | :07:31. | :07:32. | |
involved in the money laundering operation. | :07:33. | :07:40. | |
Let me just show you what links Vladimir Putin to the leaks, | :07:41. | :07:43. | |
even though he's not named in the papers. | :07:44. | :07:45. | |
This man, Sergei Roldugin, held accounts worth billions | :07:46. | :07:47. | |
of dollars in suspicious offshore transactions - he's a close | :07:48. | :07:49. | |
friend of President Putin and professional cellist. | :07:50. | :07:51. | |
To find out how this is being seen in Russia I spoke to Famil Ismailov | :07:52. | :07:54. | |
The media still avoids mentioning Mr Putin at all and connection with | :07:55. | :08:00. | |
those papers. They speculate on the leaders inculcated in this gamble | :08:01. | :08:04. | |
but of course Mr Putin has a point. His name has not been mentioned in | :08:05. | :08:10. | |
those papers, but Mr Roldugin, at that particular forum Mr Putin said | :08:11. | :08:20. | |
he is proud of his friendship with the cellist, Sergei Roldugin, and he | :08:21. | :08:23. | |
is just a businessman, and mostly a musician, but what he did, Putin | :08:24. | :08:28. | |
said, he brought all that money for musical instruments in Russia and | :08:29. | :08:32. | |
one has to ask, why do you need an offshore company to buy musical | :08:33. | :08:37. | |
instruments? And also, $2 billion, how many instruments are you buying | :08:38. | :08:42. | |
and bringing the Russia? Are they focusing, the Russian media, so you | :08:43. | :08:48. | |
see they are not focusing on Mr Putin or Mr Roldugin. I be looking | :08:49. | :08:54. | |
at any other aspect of the Panama Papers? Other aspects, yes. Robba | :08:55. | :08:59. | |
what is connecting Mr Putin to those papers with two or three lines, Mr | :09:00. | :09:05. | |
Putin says this, that, he distances himself and he has not done anything | :09:06. | :09:09. | |
illegal. That is true, he hasn't, but this attention is taken away | :09:10. | :09:14. | |
from Mr Putin to anything else, -- anyone else, Mr Poroskenko, anyone | :09:15. | :09:17. | |
else mentioned in those papers, but not Mr Putin. Were you surprised he | :09:18. | :09:23. | |
spoke out at this for? I am, to be honest. All of those meetings are | :09:24. | :09:28. | |
carefully organised, carefully orchestrated and scripted. Everyone | :09:29. | :09:31. | |
knows what questions will be asked and the fact they asked this | :09:32. | :09:36. | |
particular question and Mr Putin was obviously ready to answer it shows | :09:37. | :09:43. | |
that the Kremlin takes it very seriously. Thank you. | :09:44. | :09:44. | |
Belgian prosecutors have released new footage | :09:45. | :09:46. | |
of the the prime suspect seen on CCTV footage in the Brussels | :09:47. | :09:49. | |
The footage shows the route he took after leaving the area. | :09:50. | :09:52. | |
The prosecutors have also appealed to the public to come forward with | :09:53. | :09:55. | |
He was a Bangladeshi law student, but on Wednesday he was attacked | :09:56. | :10:10. | |
with machetes in the capital, Dhaka, and then shot dead. | :10:11. | :10:12. | |
He is thought to have been an organiser of a secular | :10:13. | :10:18. | |
campaigning group, and regularly wrote against religious extremism | :10:19. | :10:20. | |
Four other atheist bloggers were killed in Bangladesh last year. | :10:21. | :10:29. | |
Sabir Mustafa the head of the BBC's Bengali service | :10:30. | :10:32. | |
explained the context behind this latest attack. | :10:33. | :10:38. | |
The last one was in November last year, so there was | :10:39. | :10:40. | |
spate of killings was coming to an end, but then late last night | :10:41. | :10:45. | |
news broke that a student at Jagannath | :10:46. | :10:47. | |
College University had been attacked and killed, | :10:48. | :10:48. | |
and it was this morning that it was understood who was | :10:49. | :10:51. | |
killed, and from that we are beginning to understand that it may | :10:52. | :10:55. | |
be part of the same kind of strand of killings we have seen since 2013. | :10:56. | :11:00. | |
So yet another killing with the hallmark machete attack | :11:01. | :11:02. | |
on the head, and the victim being an atheist | :11:03. | :11:04. | |
And who may have carried it out, do you understand at the moment? | :11:05. | :11:10. | |
So far nobody has claimed responsibility, but in | :11:11. | :11:13. | |
the past all the killings were claimed by two groups, | :11:14. | :11:16. | |
Both claimed to be the Bangladeshi affiliate of Al-Qaeda. | :11:17. | :11:21. | |
One was called Ansarullah Bangla Team, and the other one was | :11:22. | :11:23. | |
They both claim allegiance to Al-Qaeda, and the | :11:24. | :11:33. | |
police believe they are small, that they operate in small cells, and | :11:34. | :11:36. | |
that there are powerful coordinators and planners behind each killing. | :11:37. | :11:38. | |
The police say they may have identified the killers but not the | :11:39. | :11:41. | |
Well, you mentioned there were these other attacks and | :11:42. | :11:47. | |
Has the government actually prosecuted | :11:48. | :11:50. | |
Only one killing has been prosecuted. | :11:51. | :11:53. | |
Two people have been sentenced to death and several | :11:54. | :11:59. | |
others given life sentences, but none of the others - never mind any | :12:00. | :12:02. | |
prosecution - nobody has even been charged. | :12:03. | :12:06. | |
And from one killing, two | :12:07. | :12:07. | |
of the killers were actually caught red-handed by the public and handed | :12:08. | :12:12. | |
over to police, and they immediately kind of confessed the killing | :12:13. | :12:17. | |
to the police, but even to this day, more than a year and a half, | :12:18. | :12:20. | |
they have not even been charged, so there is this feeling among | :12:21. | :12:23. | |
the public that the government is not really taking | :12:24. | :12:26. | |
these killings seriously enough and the police are not actually | :12:27. | :12:28. | |
doing the kind of work they need to do to bring all these people | :12:29. | :12:31. | |
In a few minutes we'll be live at a major awards ceremony | :12:32. | :12:44. | |
for video games in London - this game, Everybody's Gone | :12:45. | :12:48. | |
Today it is about the promise of a bright future... The day we hope a | :12:49. | :13:28. | |
line can be drawn under the bloody past. | :13:29. | :13:42. | |
I think that Picasso's works were beautiful, they were intelligent, | :13:43. | :13:54. | |
and it is a sad loss, to everybody who loves art. | :13:55. | :14:03. | |
Might this is Outside Source live from the BBC News newsroom. Our top | :14:04. | :14:09. | |
story... David Cameron has admitted profiting | :14:10. | :14:13. | |
from his father's offshore investment fund before he became | :14:14. | :14:15. | |
the UK Prime Minister. And San Su Chi's new government in | :14:16. | :14:28. | |
the Armagh says it will work towards losing all political prisoners in | :14:29. | :14:32. | |
the next few weeks. She says it is one of her ministers and's top | :14:33. | :14:38. | |
stories and BBC Burmese is that it story. Denmark said they have | :14:39. | :14:45. | |
arrested people plotting with Islamic State in Syria and the | :14:46. | :14:49. | |
arrested people in Copenhagen. BBC Arabic has that story. The French | :14:50. | :14:53. | |
parliament has voted to make it illegal to pay for sex. People cart | :14:54. | :14:58. | |
buying the services of a sex worker could be fined nearly 1500 euros for | :14:59. | :15:02. | |
the first offence, and that is one of our most read stories on the BBC | :15:03. | :15:04. | |
News website. The BAFTAs are the UK's | :15:05. | :15:31. | |
biggest film and TV awards. But tonight video games | :15:32. | :15:33. | |
are in the spotlight In case you're wondering why that's | :15:34. | :15:35. | |
a big deal, look at these numbers. The global games market was worth | :15:36. | :15:39. | |
$83.6 billion in 2014. And it is expected to reach | :15:40. | :15:42. | |
$113 billion by 2018 - that's according to | :15:43. | :15:44. | |
an industry trade body. And the UK is a big player - | :15:45. | :15:46. | |
British game Grand Theft Auto 5 made $1 billion worldwide in just three | :15:47. | :15:50. | |
days, making it the most successful entertainment product | :15:51. | :15:53. | |
of all time including movies. Leading the nominations this | :15:54. | :15:54. | |
year is an indie title - The game involves the player trying | :15:55. | :15:57. | |
to find out what happened to the inhabitants of an abandoned | :15:58. | :16:00. | |
English village. The data is coming through faster | :16:01. | :16:22. | |
than I can encode it. Please, I love you. You need to get out of here. I | :16:23. | :16:28. | |
can open the gate manually and let you in. It is too dangerous. You | :16:29. | :16:33. | |
don't understand what has happened. That is the rapture. So many people | :16:34. | :16:38. | |
are into it. Our correspondent Chris Foxx | :16:39. | :16:40. | |
is at the Bafta Games' red carpet. Good to have you back with us. We | :16:41. | :16:52. | |
spoke a couple of hours ago. What can you tell us? What the winners? A | :16:53. | :17:01. | |
big night for everyone has gone to the raptures. They have three | :17:02. | :17:05. | |
awards. The game focuses around and audio adventure where you are trying | :17:06. | :17:11. | |
to find out what has happened to everyone in the village. Three | :17:12. | :17:15. | |
awards for an independent game, which is a bit of police work. You | :17:16. | :17:20. | |
are on a computer try to find out if someone has committed a murder. You | :17:21. | :17:24. | |
are listening to one actress giving her side of the story. Interesting | :17:25. | :17:30. | |
game. The best game went to a big-ticket game... I have forgotten | :17:31. | :17:35. | |
who it was! It was a big-ticket game and no one was going to -- and no | :17:36. | :17:48. | |
one expected that. Thank you. Our correspondence big into was from | :17:49. | :17:53. | |
East London, an area that's is known for gaming. Let's get back to our | :17:54. | :18:09. | |
main story. Singapore has been tipped for the most people wanting | :18:10. | :18:15. | |
to open an offshore account. Hong Kong is not far behind. Big is this | :18:16. | :18:31. | |
is also setting up shop offshore. Our correspondence has more. | :18:32. | :18:39. | |
Setting up an offshore account will take you a couple of hours. Pretty | :18:40. | :18:44. | |
simple, but here is where it gets complicated. There is a difference | :18:45. | :18:49. | |
between tax evasion and tax avoidance. Someone who has income to | :18:50. | :18:54. | |
report and does not report it, that is illegal. But tax avoidance is | :18:55. | :18:59. | |
different. If you found a loophole in the tax system which takes | :19:00. | :19:03. | |
advantage of provisions to avoid paying tax, well then, depending on | :19:04. | :19:08. | |
the country that you are in, you might not be doing anything illegal | :19:09. | :19:12. | |
at all. But we're not just about people here. Companies do it as | :19:13. | :19:21. | |
well. Google, Apple, Microsoft, or household names and all have | :19:22. | :19:25. | |
admitted recently to being under audit by the Australian tax | :19:26. | :19:30. | |
authorities for having their services and marketing have set up | :19:31. | :19:35. | |
in Singapore. Less tax than in Australia but they say they are not | :19:36. | :19:42. | |
doing anything wrong and Singapore is an important hub. Australia says | :19:43. | :19:45. | |
if you make money in Australia, you should be making the lee-macro | :19:46. | :19:59. | |
paying tax their, too. -- you should be paying tax there as well. | :20:00. | :20:06. | |
Frankly, it is all about who goes first. If one offshore banking | :20:07. | :20:12. | |
centre opens itself up to greater scrutiny, there is a chance their | :20:13. | :20:18. | |
wealthy customers will flee, looking for the next most secret place to | :20:19. | :20:21. | |
hide their cash. Stories like this have | :20:22. | :20:32. | |
cast the spotlight on how much tax is - | :20:33. | :20:33. | |
or isn't - paid by But what does it tell us | :20:34. | :20:36. | |
about the wider economy, I think we need strong institutions | :20:37. | :21:06. | |
and more transparency. We need to adjust our policy. We need to make | :21:07. | :21:19. | |
sure growth does not only benefit a small group of global elite, but | :21:20. | :21:29. | |
then if it's all of society. Recent evidence has suggested that income | :21:30. | :21:33. | |
inequality has reduced since the recession. Is that right? If you | :21:34. | :21:45. | |
compare the 1980s, 1970s with today, in most developed countries we have | :21:46. | :21:51. | |
had rising inequality. We have to look at wealth inequality and there | :21:52. | :22:00. | |
is a definite rise in the UK. When you have the kind of real estate | :22:01. | :22:04. | |
prices you have in London it means that access to properties for | :22:05. | :22:11. | |
working families is extremely difficult. What do you think of the | :22:12. | :22:18. | |
economic threats now? To me the main problem with the rising inequality | :22:19. | :22:25. | |
in the long one is that there is a risk that it will lead to a | :22:26. | :22:31. | |
political instability and in some cases the rise of National is. When | :22:32. | :22:36. | |
you don't manage to solve your local domestic inequality and social | :22:37. | :22:43. | |
problems in a peaceful matter, it is easy to blame others. So you can | :22:44. | :22:49. | |
blame foreign workers, like the extreme right in France. You can | :22:50. | :22:57. | |
blame for occurrences -- foreign countries or Europe. This will not | :22:58. | :23:05. | |
solve the problem. Why is growth so weak. You look at the Eurozone, | :23:06. | :23:08. | |
Britain, America, real concerns about the levels. There has been too | :23:09. | :23:18. | |
much austerity. There has been an attempt in the Eurozone to reduce | :23:19. | :23:23. | |
the deficit to fast. When you look at the growth in Europe compared to | :23:24. | :23:27. | |
the United States, it is clear we have started a new recession in | :23:28. | :23:33. | |
2011, 2012 and 2013 which has led to excessive austerity. It has also led | :23:34. | :23:43. | |
to a rise in xenophobia at a time when Europe needed to be more open | :23:44. | :23:50. | |
about the refugee crisis. Is immigration and economic good? Yes. | :23:51. | :23:55. | |
I think the European Union needs to absorb a large flow of immigrants. 1 | :23:56. | :24:01. | |
million a year, that is exactly what we have is in 2010 and it was | :24:02. | :24:08. | |
working. If you were advising George Osborne, you would presumably say | :24:09. | :24:15. | |
you don't need to hit a budget surplus by 2030. What I find | :24:16. | :24:20. | |
particularly incredible in these policies is we need to cut the | :24:21. | :24:26. | |
deficit, we don't have money, but we have money to cut the taxes of their | :24:27. | :24:33. | |
income groups. It is a contradiction. What do you think the | :24:34. | :24:40. | |
effect of Britain leaving the EU would be? It would be very sad. | :24:41. | :24:51. | |
Britain is a big part of Europe. You took part in inventing parliamentary | :24:52. | :25:00. | |
democracy. I will be sad. That being said, it would be even worse for | :25:01. | :25:03. | |
Britain. Everybody reasonable knows that if Britain votes to exit the | :25:04. | :25:10. | |
European Union, Scotland will vote to exit Britain and Britain will be | :25:11. | :25:14. | |
left as a small country, isolated from the rest of Europe. | :25:15. | :25:22. | |
Some breaking news. Panama has decided it will deepen talks with | :25:23. | :25:30. | |
the ACE D in terms of sharing tax information. The vice president has | :25:31. | :25:34. | |
been speaking out and says there will be a technical level dialogue | :25:35. | :25:46. | |
between Panama and the OECD. This comes after the Prime Minister | :25:47. | :25:57. | |
admits that he sold shares from an offshore account set up by his late | :25:58. | :25:58. |