Labor has asked Chancellor Rishi Sunak to “urgently explain” how much his family has saved on tax bills after it was revealed that his millionaire wife, Akshata Murthy, had applied for homelessness. Although it was not immediately clear how much Murthy has saved, sources told the Independent that it could amount to millions of pounds in tax on foreign profits for several years. The “non-dom” scheme means that you do not have to pay tax in the UK on income from dividends on foreign investment, rent payments abroad or bank interest. The scheme also means that a person evades inheritance tax in the UK. A spokeswoman for Murthy said: “Akshata Murty is a citizen of India, her country of birth and her parents’ homeland. India does not allow its citizens to have the citizenship of another country at the same time. Thus, under UK law, Ms Murty is treated as a non-resident for UK tax purposes. “It will always continue to pay taxes in the United Kingdom on all of its British income.”
Basic points
Show last update 1649323820
Diane Abbott accuses Risi Sunak of “double standards” over her husband’s status
Labor MP Diane Abbott has accused Risi Sunak of “double standards” against his wife, Aksata Merti. “Tory Chancellor Risi Sunak has refused to pay inflation-related bonuses. Most Britons continue to see their taxes rise despite alleged ‘cuts’. “, Mrs. Abbott. wrote on Twitter. Thomas Kingsley 7 April 2022 10:30 1649322920
Non-residential status is “a choice”, experts say
Tax and economics experts responding to the news of Akshata Murty’s non-status have highlighted issues in her statement, defending her position that allows her not to pay taxes in the UK. Richard Murphy, a professor of accounting at the University of Sheffield, said the statement made by the chancellor’s wife was “wrong”. Part of the statement from Murty’s spokeswoman said: “Akshata Murty is a citizen of India, her country of birth and her parents’ homeland. “India does not allow its citizens to have the citizenship of another country at the same time.” Professor Murphy replied: “Housing has nothing to do with a person’s nationality. “Nor does it have to do with the fact that he cannot have a British passport because a person has citizenship of another country. And certainly not a non-resident status is ever given for this reason. He went on to say on Twitter that the non-residence status “is not given to anyone unless they apply for it”. “In this case, the implication in Mrs Merti’s statement that she should be treated as a non-resident is simply wrong: she does not have a home just because she asked for it.” (PA) Thomas Kingsley7 April 2022 10:15 1649322020
What is non-household status?
The wife of the British Chancellor Risi Sunak has claimed non-residence status to save her tax bill, the Independent has revealed. It is not known exactly how much Akshata Murthy saved through this, but sources claimed that she could have avoided paying millions of pounds in tax on foreign profits for many years. Non-home status is legal but controversial, writes our reporter Zoe Tidman. Read the full story below: Thomas Kingsley April 7, 2022 10:00 AM 1649321120
“People can draw their own conclusions”: Minister spoke about tax matters of Rishi Sunak’s wife
Cabinet Minister Kwasi Kwarteng insisted the public “could come to its own conclusions” on the tax cases of Rishi Sunak’s millionaire wife, Akshata Murty. In an effort to defend Murthy, the Secretary of State also said that the non-resident status was “part of the UK tax system for more than 200 years”. It comes after The Independent revealed that the chancellor’s wife, whose family business is estimated to be worth about 3 3.5 billion, has claimed “non-dom” status to save her tax bill. Read the full story from our political correspondent, Ashley Cowburn, below: Thomas Kingsley 7 April 2022 09:45 1649320220
Rishi Sunak’s wife claims it is “legal, but right?” Ed Miliband asks
Ed Miliband said his wife Risi Sunak, who claims his status is “legal, but is it right?” Speaking to Sky News, the shadow foreign minister on climate change and clean zero said: “Non-resident status is legal, but I think we need to be clear that non-resident status is used to … pay less tax than you. I will. “You do not have to be a non-dom. You choose to do it … I think there are reasonable questions to ask Rishi Sunak about this. “ Asked if the move was above the board, he said: “I think it is legal, but is it correct?” He also added that the chancellor should give an “explanation” for his wife’s decision. “It’s the chancellor of the United Kingdom who is asking people to pay more taxes. Is it true that his immediate family is protected by British taxes? “I think Rishi Sunak and his family should think about that.” Thomas Kingsley 7 April 2022 09:30 1649319320
More than 10 percent of London’s wealthiest neighborhoods claim homeless status in 2018
More than one in 10 did not pay income tax abroad from Kensington and the cities of London and Westminster, according to data from HM Revenue and Customs. The study by the London School of Economics and the University of Warwick found that the number of people who had ever claimed non-dom status in the UK increased from 162.00 in 2001 to 238,000 in 2018. He found that these people typically worked in finance, management consulting and accounting, with 22 per cent of the highest-earning bankers declaring that they did not own a home. (Getty Images) Thomas Kingsley 7 April 2022 09:15 1649318420
PM vows to regain control of energy costs with nuclear expansion
The government has promised to regain control of energy prices by boosting nuclear, wind, solar and hydrogen in its long-awaited energy strategy. Ministers promise “cleaner and more affordable energy” to be produced in this country, aiming to make up 95% of low-carbon electricity by 2030. However, Labor said the prime minister had “given in to his supporters” and that the plan would do nothing to help the growing energy costs of households. Read the full report below: Thomas Kingsley 7 April 2022 09:00 1649317520
Akshata Murty has not “protected” herself from paying taxes in the United Kingdom
Business Secretary Kwasi Kwarteng insisted that Rishi Sunak’s wife, Akshata Murty, was not “protected” from paying British taxes. He told BBC Breakfast: “I was very interested in transparency, it was very clear to me what had happened. “I think the Chancellor was very honest, very clear, and in the end she is private, she is not a politician, and I think her cases were completely transparent and there is no hint of any wrongdoing. So, I think everything is fine that way. “ Asked if she was protecting herself from taxes, Mr Kwarteng said: “I do not think this is true at all, protection sounds like you are avoiding things. “I think it was very clear, it was very transparent, the Chancellor was very transparent and this non-residential status was part of the UK tax system for more than 200 years.” (PA) Thomas Kingsley 7 April 2022 08:45 1649316620
We do not need a Child Poverty Unit because we have abolished the targets for child poverty, says the minister
The government has said it does not need a special unit to tackle child poverty – because it has scrapped its child poverty targets. Opposition politicians and poverty activists accused the ministers of “gloomy” logic and that they had no plans after the DWP rejected the need for the body. The government had a special Child Poverty Unit from the time Labor established it in 1999 until it was repealed by David Cameron’s Welfare Reform Act in 2016. Our policy correspondent, Jon Stone, has the full story below: Thomas Kingsley 7 April 2022 08:30 1649315720
Conservative MPs continue to defend Risi Sunak over his wife’s non-host status
Conservative MP Sir John Redwood is defending Rishi Sunak’s wife after allegations that she used her status as a “non-dom” for tax purposes: “It is a great shame for people to resort to these tactics against a public figure. “His wife behaved decently.” “I want to live in a country where rich people from other countries can come here legally and contribute to our society and our lives, invest here, do business here and pay tax on what they do in Britain without having to sacrifice their original. situation as an alien, “said Mr. Redwood. “I do not see anything wrong with this system,” he added. Thomas Kingsley7 April 2022 08:15
title: “Rishi Sunak News Live Labour Demands Explanation As Chancellor S Wife Defends Non Dom Tax Status " ShowToc: true date: “2022-10-28” author: “Nancy Williams”
Labor has asked Chancellor Rishi Sunak to “urgently explain” how much his family has saved on tax bills after it was revealed that his millionaire wife, Akshata Murthy, had applied for homelessness. Although it was not immediately clear how much Murthy has saved, sources told the Independent that it could amount to millions of pounds in tax on foreign profits for several years. The “non-dom” scheme means that you do not have to pay tax in the UK on income from dividends on foreign investment, rent payments abroad or bank interest. The scheme also means that a person evades inheritance tax in the UK. A spokeswoman for Murthy said: “Akshata Murty is a citizen of India, her country of birth and her parents’ homeland. India does not allow its citizens to have the citizenship of another country at the same time. Thus, under British law, Ms Murty is treated as a non-resident for UK tax purposes. “It will always continue to pay taxes in the United Kingdom on all of its British income.”
Basic points
Show last update 1649324720
Boris Johnson says “nuclear is coming home” as a result of the government’s energy strategy
In a video on social media promoting the plan, which was finally released on Thursday after a series of delays and squabbles in the cabinet, the prime minister said: “In the country that was the first to divorce the person, the first to really exploit its power illuminate our homes and lead our factories, we will lead again. “Nuclear is coming home. “So instead of a new reactor every decade, we will have a new reactor every year. “For years, governments avoided major energy decisions, but not this one. “We have the ambition, we have the plan and we will bring clean, affordable security to people for future generations.” Prime Minister Boris Johnson met with scientists during his site visit in September 2020 (Richard Pohle / The Times / PA) (PA file) Thomas Kingsley7 April 2022 10:45 1649323820
Diane Abbott accuses Risi Sunak of “double standards” over her husband’s status
Labor MP Diane Abbott has accused Risi Sunak of “double standards” against his wife, Aksata Merti. “Tory Chancellor Risi Sunak has refused to pay inflation-related bonuses. Most Britons continue to see their taxes rise despite alleged ‘cuts’. “, Mrs. Abbott. wrote on Twitter. Thomas Kingsley 7 April 2022 10:30 1649322920
Non-residential status is “a choice”, experts say
Tax and economics experts responding to the news of Akshata Murty’s non-status have highlighted issues in her statement, defending her position that allows her not to pay taxes in the UK. Richard Murphy, a professor of accounting at the University of Sheffield, said the statement made by the chancellor’s wife was “wrong”. Part of the statement from Murty’s spokeswoman said: “Akshata Murty is a citizen of India, her country of birth and her parents’ homeland. “India does not allow its citizens to have the citizenship of another country at the same time.” Professor Murphy replied: “Housing has nothing to do with a person’s nationality. “Nor does it have to do with the fact that he cannot have a British passport because a person has citizenship of another country. And certainly not a non-resident status is ever given for this reason. He went on to say on Twitter that the non-residence status “is not given to anyone unless they apply for it”. “In this case, the implication in Mrs Merti’s statement that she should be treated as a non-resident is simply wrong: she does not have a home just because she asked for it.” (PA) Thomas Kingsley7 April 2022 10:15 1649322020
What is non-household status?
The wife of the British Chancellor Risi Sunak has claimed non-residence status to save her tax bill, the Independent has revealed. It is not known exactly how much Akshata Murthy saved through this, but sources claimed that she could have avoided paying millions of pounds in tax on foreign profits for many years. Non-home status is legal but controversial, writes our reporter Zoe Tidman. Read the full story below: Thomas Kingsley April 7, 2022 10:00 AM 1649321120
“People can draw their own conclusions”: Minister spoke about tax matters of Rishi Sunak’s wife
Cabinet Minister Kwasi Kwarteng insisted the public “could come to its own conclusions” on the tax cases of Rishi Sunak’s millionaire wife, Akshata Murty. In an effort to defend Murthy, the Secretary of State also said that the non-resident status was “part of the UK tax system for more than 200 years”. It comes after The Independent revealed that the chancellor’s wife, whose family business is estimated to be worth about 3 3.5 billion, has claimed “non-dom” status to save her tax bill. Read the full story from our political correspondent, Ashley Cowburn, below: Thomas Kingsley 7 April 2022 09:45 1649320220
Rishi Sunak’s wife claims it is “legal, but right?” Ed Miliband asks
Ed Miliband said his wife Risi Sunak, who claims his status is “legal, but is it right?” Speaking to Sky News, the shadow foreign minister on climate change and clean zero said: “Non-resident status is legal, but I think we need to be clear that non-resident status is used to … pay less tax than you. I will. “You do not have to be a non-dom. You choose to do it … I think there are reasonable questions to ask Rishi Sunak about this. “ Asked if the move was above the board, he said: “I think it is legal, but is it correct?” He also added that the chancellor should give an “explanation” for his wife’s decision. “It’s the chancellor of the United Kingdom who is asking people to pay more taxes. Is it true that his immediate family is protected by British taxes? “I think Rishi Sunak and his family should think about that.” Thomas Kingsley 7 April 2022 09:30 1649319320
More than 10 percent of London’s wealthiest neighborhoods claim homeless status in 2018
More than one in 10 did not pay income tax abroad from Kensington and the cities of London and Westminster, according to data from HM Revenue and Customs. The study by the London School of Economics and the University of Warwick found that the number of people who had ever claimed non-dom status in the UK increased from 162.00 in 2001 to 238,000 in 2018. He found that these people typically worked in finance, management consulting and accounting, with 22 per cent of the highest-earning bankers declaring that they did not own a home. (Getty Images) Thomas Kingsley 7 April 2022 09:15 1649318420
PM vows to regain control of energy costs with nuclear expansion
The government has promised to regain control of energy prices by boosting nuclear, wind, solar and hydrogen in its long-awaited energy strategy. Ministers promise “cleaner and more affordable energy” to be produced in this country, aiming to make up 95% of low-carbon electricity by 2030. However, Labor said the prime minister had “given in to his supporters” and that the plan would do nothing to help the growing energy costs of households. Read the full report below: Thomas Kingsley 7 April 2022 09:00 1649317520
Akshata Murty has not “protected” herself from paying taxes in the United Kingdom
Business Secretary Kwasi Kwarteng insisted that Rishi Sunak’s wife, Akshata Murty, was not “protected” from paying British taxes. He told BBC Breakfast: “I was very interested in transparency, it was very clear to me what had happened. “I think the Chancellor was very honest, very clear, and in the end she is private, she is not a politician, and I think her cases were completely transparent and there is no hint of any wrongdoing. So, I think everything is fine that way. “ Asked if she was protecting herself from taxes, Mr Kwarteng said: “I do not think this is true at all, protection sounds like you are avoiding things. “I think it was very clear, it was very transparent, the Chancellor was very transparent and this non-residential status was part of the UK tax system for more than 200 years.” (PA) Thomas Kingsley 7 April 2022 08:45 1649316620
We do not need a Child Poverty Unit because we have abolished the targets for child poverty, says the minister
The government has said it does not need a special unit to tackle child poverty – because it has scrapped its child poverty targets. Opposition politicians and poverty activists accused the ministers of “gloomy” logic and that they had no plans after the DWP rejected the need for the body. The government had a special Child Poverty Unit from the time Labor established it in 1999 until it was repealed by David Cameron’s Welfare Reform Act in 2016. Our policy correspondent, Jon Stone, has the full story below: Thomas Kingsley 7 April 2022 08:30
