The health minister said that between 2000 and 2006 he claimed the status of non-resident, which he was entitled to as his father was born in Pakistan. In a statement Saturday night, he also said he earned money from an offshore trust while working for Deutsche Bank 20 years ago, which has since collapsed since becoming a minister. Last week, Mr Javid said there was a “moral” duty for people to pay more taxes in the form of raising National Insurance to pay for NHS and social care. He told the Sunday Times: “Before I returned to the UK and entered public life, some of my financial investments were based on an offshore trust. “Although this was a perfectly legal arrangement, by becoming a minister in 2012 I decided to voluntarily break this trust, repatriate all assets to the UK and pay a 50 per cent income tax on those assets. “This approach deliberately imposed the greatest possible tax burden and offset any accrued benefits from the previous trust agreement, but I thought it was the right thing to do.”
