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Papers released by British Prime Minister, David Cameron, reveal that he paid almost £76,000 in tax on an income of more than £200,000 in 2014-15.

Mr Cameron also earned £46,899 in rent on the London family home.

The documents show that he inherited £300,000 when his father died, and the next year was given two payments of £100,000 by his mother to balance out the legacy.

Mr Cameron announced a new task force to investigate tax-dodging allegations.

Labour leader, Jeremy Corbyn said that the matter highlighted “a whole ethos” and how the very wealthy handled their tax affairs, adding he would publish his own tax return “very, very soon”.

On Saturday, the Prime Minister admitted he could have better handled the row over his financial affairs.

This followed a week of questions and successive statements over whether Mr Cameron had owned and sold units in an offshore fund run by his late father, Ian Cameron.

Details of the Blairmore Holdings fund had been contained in a leak of 11 million documents, known as the Panama Papers.
Credit: Channelstv

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