He insisted the non-residential agreement in question was “perfectly legal” – but said “it has become clear that many do not believe it is compatible with my husband’s role as chancellor”. In a statement Friday night, Murty said: “I understand and appreciate the British sense of justice and I do not want my tax situation to distract my husband or affect my family.” He added: “For this reason, I will no longer claim the tax remittance base. “This means that I will now be taxing the UK on an accrual basis for all my global income, including dividends and capital gains – wherever that income is in the world.” It comes as the Independent has revealed that Mr Sunak has been registered as a taxpayer of the British Virgin Islands and the Cayman Islands, while setting taxes in the UK as chancellor. Mr Sunak also admitted to having a US green card while serving as chancellor between February 2020 and October 2021 – paying taxes in the United States while setting UK tax policy. Labor said the chancellor’s admission that he had a US green card for the first 19 months of his term only “raises further questions”. Pat McFadden, the shadow finance minister, said: “Why did he hold the green card for so long while he was a Member of Parliament for the United Kingdom? Was there a tax advantage to it? And why did he give up that after holding it for so long? “ Labor also demanded “urgent answers from the chancellor as to why it is linked to a tax haven” following an exclusive report by The Independent. Sir Keir Starmer’s party also said there were still “too many worrying questions” about Mrs Murty’s use of the homeless status. “Will he agree to repay all the taxes he saved through the deal?” said a Labor spokesman. The chancellor’s wife said she was reorganizing her affairs “because I want to, not because the rules require it”, adding that the changes would be made immediately and implemented in the tax year just ended. Murty, who reportedly received 11 11.6m in dividends from an Indian IT giant’s father founded last year, had paid .000 30,000 to maintain her homeless status. In a statement, Murty said she “tried to keep my husband’s professional life and political career completely separate” – and remained “proud” of her father’s company’s work. He said: “Risi has always respected the fact that I am Indian and as proud of my country as he is of his own. “He never asked me to give up my Indian citizenship, my ties with India or my business affairs, despite the ways in which such a move would simplify things for him politically.” Mr Sunak’s wife said the decision to pay British tax on her global income “will not change the fact that India remains my country of birth, my nationality, my parents’ home and my place of residence”, before adding “But I also love the United Kingdom. “I’m so proud to be here.” It comes as Boris Johnson has denied that he and his No. 10 team had leaked information against Mr Sunak – insisting he knew nothing about the tax regime used by the chancellor’s wife. Mr Sunak blamed Labor for details of his wife’s tax arrangements in The Independent this week – but some of the chancellor’s allies said they suspected the No. 10 was trying to undermine the chancellor. “If there is such information, it does not come from us at No. 10 – paradise knows where it comes from,” the prime minister told a Downing Street news conference. Supporting his pressing chancellor, Mr Johnson said: “I think Risi is doing an absolutely great job,” adding: “I do not think people’s families should be drawn into things.” Chancellor Rishi Sunak with his wife Akshata Murty (PA file) Earlier, in an interview with The Sun, Mr Sunak said there had been “attempts to smear my wife to hit me”. Asked if he believed the Labor Party was behind a defamation campaign, Mr Sunak replied: “Yes.” Labor leader Emily Thornberry, a shadowy attorney general, asked if Mr Sunak had violated the ministerial code – saying the sharing of the ministers’s spouses’ financial situation was important because “there could be a conflict of interest”. On Friday, Ms. Thornberry suggested that Mr. Sunak “did not state it correctly,” referring to Murty’s tax regime. But the Ministry of Finance denied that the ministerial code had been violated. “The chancellor provided a complete list of all relevant interests when he first became a minister in 2018, as required by the ministerial code. “The Independent Adviser to the Ministers’ Interests has confirmed that he is fully satisfied with the steps taken by the Chancellor to meet the requirements of the code.”
