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No 10 'looking into' releasing ministers' tax returns

The Press Association's Political Correspondent James Tapsfield tweeted that Downing Street is looking into whether ministers will have to disclose their tax returns.

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No10 says still "looking into" releasing ministers' tax returns, but "not a v near future thing"

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Miliband adviser: PM should now look at his own party on tax

Stewart Wood, a shadow cabinet minister and adviser to Labour leader Ed Miliband, has tweeted that David Cameron should now look at those in his party that use tax avoidance schemes:

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Now that Jimmy Carr has apologised, I expect Cameron will be moving on to those in his party & social circles who also use tax avoidance.

Jimmy Carr's apology for tax avoidance scheme in tweets

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I now realise I’ve made a terrible error of judgement.

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Although I’ve been advised the K2 Tax scheme is entirely legal, and has been fully disclosed to HMRC (Her Majesty’s Revenue and Customs),

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I’m no longer involved in it and will in future conduct my financial affairs much more responsibly. Apologies to everyone. Jimmy Carr

Carr's apology for tax avoidance scheme in tweets

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I appreciate as a comedian, people will expect me to ‘make light’ of this situation, but I’m not going to in this statement

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I met with a financial advisor and he said to me “Do you want to pay less tax? It’s totally legal.” I said “Yes.”

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Jimmy Carr: 'I now realise I've made a terrible error of judgement'

In a statement released on his Twitter page comedian Jimmy Carr wrote:

I appreciate as a comedian, people will expect me to ‘make light’ of this situation, but I’m not going to in this statement as this is obviously a serious matter.

I met with a financial advisor and he said to me “Do you want to pay less tax? It’s totally legal.” I said “Yes.”

I now realise I've made a terrible error of judgement.

Although I’ve been advised the K2 Tax scheme is entirely legal, and has been fully disclosed to HMRC (Her Majesty’s Revenue and Customs), I’m no longer involved in it and will in future conduct my financial affairs much more responsibly.

Apologies to everyone.

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