As it turned out, the multimillionaire wife of Rishi Sunak claims that she is not a homeowner, which allows her to save millions of pounds in tax on dividends collected from her family business IT empire. Akshata Murthy, which receives about £ 11.5 million in annual dividends from its stake in Indian IT company Infosys, declares non-dom status, a system that allows people to avoid taxing foreign profits. Murthy, the daughter of billionaire Infosys founder, owns a 0.93% stake in the tech company worth about 90 690 million. Tulip Siddiq, the shadow finance minister at the finance ministry, said Sunak would have to explain how much tax his family had saved while “taxing millions of working families”. Non-resident status is legal and can be used to avoid paying tax in the UK on foreign rental income and bank interest, as well as foreign dividends. The Ministry of Finance declined to comment. A spokesman for Murthy said India did not allow dual citizenship, “so under UK law Ms Murthy 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.” More than one in 10 residents of some of London’s wealthiest neighborhoods have declared “non-dom” status at some point, meaning they have not paid offshore income tax. The number of people who have ever claimed to be non-resident in the UK increased from 162,000 in 2001 to 238,000 in 2018. And a report from the Institute for Financial Studies states that 0.1% of the highest income in the UK has an annual income that exceed .000 500,000, which shows the effect of “unfair” tax rates available to business owners. More than 50,000 people in the first income category represent 6% of total profits. Ukraine latest – Volodymyr Zelenskiy says new Western sanctions against Russia do not go far enough and will be seen by invading forces as a “permit to attack” as fears of an attack in the east of the country intensify and civilians remain there urged to leave “while there is still opportunity”. Deputy Prime Minister Iryna Vereshchuk said authorities “will not be able to help” residents left behind when large-scale fighting broke out. Our reporter in Kyiv tells the shocking story of a grandfather who fears that his granddaughter – orphaned by the fighting in Mariupol – may be transferred to live in Russia. A Russian teacher could be jailed after students recorded her making anti-war comments in class and posted them on the Internet where they were discovered by police. This is what we know so far on the 43rd day of the invasion and you can follow all the latest developments on our live blog. Nuclear – Boris Johnson will launch Britain’s new energy strategy today with nuclear power at the heart of the long-term plan, but ministers have refused to set targets for onshore winds and have vowed to continue exploiting oil and natural gas. Sea. The strategy will anger environmentalists, who say the government’s plans defy its pure zero targets and neglect alternative measures that experts say will offer much faster relief from high energy bills. Key points include an increase in nuclear capacity from 7 gigawatts to 24 GW, an increase in the offshore wind target to 50 GW (from 11 GW today), a fivefold increase in solar energy from 14 GW to 70 GW by 2035 and a ” impartial review on whether fracking is safe. Cancer Concern – More patients are diagnosed with cancer in A&E in the UK than in other comparable high-income countries. A major study in the journal Lancet Oncology found that more than a third of patients in England, Scotland and Wales find that they only have the disease when they are treated. People who end up in A&E, sometimes after multiple trips to their doctor, are less likely to survive the disease, especially if they have cancer of the stomach, intestine, liver, pancreas, lung or ovaries. Conversion controversy – About 50 Tory lawmakers could force the government to tighten its ban on conversion practices by backing a move to extend protection to trans people. Activists fighting to legalize the controversial exercise said “the battle is definitely still going on” and remained confident that No. 10 would either be affected or defeated in the remaining months. The prime minister said yesterday that he “does not believe that organic males should compete in women’s sporting events.” Taylor Swift lyrics could help students learn Latin. What, dear, do we have bad blood right now? Photo: Angela Weiss / AFP / Getty Images The Swift imperium – Latin teachers are encouraged to use Taylor Swift lyrics, Disney songs, Minecraft and fan fantasy to make the ancient language of Virgil and Cicero more accessible. A Cambridge academic has created a new guide that suggests that Latin be taught more like a modern foreign language, where students are encouraged to speak, sing, interpret or write creatively. Among their successes was the success of Taylor Swift Bad Blood, the chorus in which it was translated as Quod, care, nunc malum sanguinem habemus and Let It Go (Libera) by Frozen.
Today on the Focus podcast
The first round of the French elections takes place this Sunday with Emanuel Macron at stake in his candidacy for a second term. But in order to do that, a revived far right must be defeated, says our correspondent in Paris, Angelique Chrisafis. Today at Focus
Can Macron hold back the far right?
Sorry your browser does not support audio – but you can download it here and listen https://audio.guim.co.uk/2020/05/05-61553-gnl.fw.200505.jf.ch7DW.mp3
Lunch read: how the Sheffield estate survived the haters
Photo: Oliver Wainwright As a restricted area in the 1980s, Sheffield’s vast Park Hill estate complex was almost flattened, as were several of its neighbors. But an often painful regeneration gives it a new lease of life, writes Oliver Wainwright.
Sport
Disappointed Thomas Tuchel said Chelsea’s place in the Champions League quarter-final against Real Madrid was irreparable after losing 3-1 in the first game at Stamford Bridge and described his side’s decline as “worrying”. It was a triumph for the continuation of Madrid, however, thanks to the hat-trick of 34-year-old Karim Benzema. In the other quarterfinal yesterday, Villarreal beat Bayern Munich 1-0. Everton’s suffering for relegation was exacerbated by a 3-2 defeat to Burnley, which is now just one point away from the Merseysiders. Eric Ten Hague is confident that he will become the next coach of Manchester United after talks with the club. Expectations are rising in Augusta for Tiger Woods’ return to the Masters later today, and it is also the return of the County Cricket Championship today. And rugby lost one of its greats yesterday with the death of Scotland and Lions supporter Tom Smith from cancer at the age of 50.
Business
Swedish retailers Ikea and H&M are working together to set up an “idea factory” on the main road that aims to seek out, guide and promote small-scale designers and manufacturers. The Atelier 100 will open in London in May and today launches an open invitation to creators and producers within 100 miles of the store to help store its shelves. The FTSE100 will hit around 0.25% this morning. The pound is at $ 1,307 and at € 1,198.
The papers
The Guardian front page for Thursday, April 7, 2022. Photo: The Guardian The Mirror leads with “Sunak woman taximary fury”, and “Sunak’s wife” avoided tax “as a non-dom” is the splash in i. The Guardian has this story on the front, but it is preceded by “the prime minister’s push for nuclear energy divides the Tories and infuriates the green groups”, while the Times also has a photo of the chancellor and his wife, but is preceded by “the The United Kingdom to send armored vehicles to help Ukraine. “The Telegraph has a strong message from Ukraine entitled” What is this pit? ” I asked. They said: “This is a graveyard for you”, while the FT advocates with “the Western allies impose the harshest sanctions even on the Russian banks”. Express leads with “Thank you PM! “Sports stars support Boris in the series,” and the Mail also leads the controversy with the headline “Finally, a voice of common sense.”
Register
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