Page 21 | Rishi's wife does not pay tax (millions!!) on dividends!

FlowerArranger · 2022-04-07T05:16:23+00:00

From today's Guardian : ^Rishi Sunak’s multi-millionaire wife claims non-domicile status, it has emerged, which allows her to save millions of pounds in tax on dividends collected from her family’s IT business empire.^ ^Akshata Murthy, who receives about £11.5m in annual dividends from her stake in the Indian IT services company Infosys, declares non-dom status, a scheme that allows people to avoid tax on foreign earnings.^ [[https://www.theguardian.com/politics/2022/apr/06/rishi-sunaks-wife-claims-non-domicile-status?CMP=Share_AndroidApp_Other]] Anyone as outraged by this as I am? I mean what the actual fuck?

Teael · 08/04/2022 11:06

It's just an outright lie, though. Her home is clearly here, her husband is in one of our highest offices of state, for fucks sake!

People voted for this.

SamphirethePogoingStickerist · 08/04/2022 11:07

@HardyBuckette

I'm not sure which and how many posters have used the 'non-story' term samphire and cba to look back over the thread. If you haven't, then I'm not referring to you, and if you have then the argument that this the wrong story rather than a non-story is not the only one you've been making.

That's a tad convoluted... I've now got the pellet with the poison's in the vessel with the pestle, the chalice from the palace has the brew that is true. goig through my head

HardyBuckette · 08/04/2022 11:09

Riiiight.

Anyway, if there's one thing that should be abundantly clear, it's that this is not a non-issue. As you were.

Saku · 08/04/2022 11:14

Why not Sunak paid furlough out of her wife's inherited money, which she inherited in other country? How dare he is asking to pay furlough for UK people from UK people?
His wife pays tax only on UK earned money.... when she and he have so much extra money. How dare she can have 400m inherited money. So unfair .
Why cant Sunak force his wife and show some patriarchy, to distribute her inherited/earned money among UK people. Why they are buying houses from inherited money for themselves.
MORALLY he should donate his money along with his wife's money for roads, ambulance etc. etc. as he holds THE exchequer post. Why he is making furlough schemes in lockdown and charging tax afterwards for same people when business are open? Why cant he give away his money instead when he eats 3 breads at the same time.
When they distribute their money in public then only he can be considered PM material ... ohh wait ..still may be nahhh

Cornettoninja · 08/04/2022 11:19

@SamphirethePogoingStickerist then I apologise, I may have mixed you up with another poster - I’m blaming covid doing a number on my memory!

@saku is the concept of fairness worthy of derision?

daimbarsatemydogsbone · 08/04/2022 11:25

@mrshoho

at Sean Connery. Poor guy not even allowed to rest in peace!

Aye imagine dying just to dodge tax, the bastard.

littledrummergirl · 08/04/2022 11:27

Recently my mil became very unwell and needed palliative care.
Dsil moved in with her for four months while dh and I alternated weekends to give dsil time off.
Does this mean that none of would class our main homes up until this point as still being our main homes despite all moving back into them full time when mil passed away?
Just because someone has chosen to live in another country to their parents they shouldn't be allowed to use this to reset the clock on their tax status.
As a family they are saying that they are not committed to the UK. This should disqualify either of them for being in any positions of power within the country.
Why would you want to shape policies in a country your family is not committed to? It is unlikely to be for the benefit of those who are committed to the country.

SamphirethePogoingStickerist · 08/04/2022 11:31

@Cornettoninja don't do that. It's a fucked up situation and we all have our own takes on it. That mine's based on decades of such shite bothering me doesn't mean I don't think this is wrong. It's just a small part of a much bigger issue. An issue that all parties suffer from.

Having said that I am now off ot have a look and see how rich the Greens are!!

MrsWinters · 08/04/2022 11:36

It’s appalling. Whilst it might be legal, it is really not ethical-she is claiming non-dom status whilst residing here.
If you want to live in our society then you should pay your share. Unfortunately one rule for the rich, another for the rest of us.

Dahliasrule · 08/04/2022 11:37

Sky are now reporting that both Sunak and his wife held American Green cards during his first year in the chancellorship. I.e that he was a permanent resident of the US despite holding one of the very top jobs in UK government.

SamphirethePogoingStickerist · 08/04/2022 11:42

@Dahliasrule

Sky are now reporting that both Sunak and his wife held American Green cards during his first year in the chancellorship. I.e that he was a permanent resident of the US despite holding one of the very top jobs in UK government.

And that's not against the rules either!

here is no residency qualification at all - an MP could even live outside the UK

www.parliament.uk/about/faqs/house-of-commons-faqs/members-faq-page2/#jump14

TurquoiseDress · 08/04/2022 11:42

Since this story emerged yesterday, reading the details, it's outrageous but I'm really not surprised!

How can Rishi Sunak have the first fucking clue about the financial struggles many people are going through currently?

He lives in a mega privileged world completely awash with money and utterly removed from the daily life of those his decisions will impact greatly,

Shit show

luckylavender · 08/04/2022 11:48

@OutingHobby

This person is married to the chancellor whose job is to redistribute the taxes paid in the UK fairly

It isn't her job though.

But she lives in Downing Street. Come on, she's done nothing wrong but it doesn't pass the sniff test.

Dahliasrule · 08/04/2022 11:57

SamphirethePogoingStickerist, it may not be against the rules but it is not a good look.

SamphirethePogoingStickerist · 08/04/2022 11:59

@Dahliasrule I don't get all the 'optics' stuff. It (any kind of 'it') makes little difference to me in any part of my life. If it works it works, if it does not work then it doesn't matter what it looks like.

mrshoho · 08/04/2022 12:00

It will be interesting to read more about their green card situation. The knives are really out for him. He's been an MP since 2015 but all that time he possibly held a green card? Is it not a requirement of a green card to have an intention to make the US your permanent residence? We're these green cards bought due to being investors in US business? I can't think they would have been student visas but maybe they were?

daimbarsatemydogsbone · 08/04/2022 12:11

@Teael

It's just an outright lie, though. Her home is clearly here, her husband is in one of our highest offices of state, for fucks sake!

People voted for this.

The majority of people who voted didn't vote Tory.

Labour policy for the 2019 election was abolish the tax treatment Rishi's wife and other wealthy people use.

www.reuters.com/article/uk-britain-politics-labour-nondom-idUKKBN1W60FZ

At least she doesn't make any pretence to have any interest in staying the UK a moment longer than she has to, unlike many others.

LauraNicolaides · 08/04/2022 12:16

[quote SamphirethePogoingStickerist]@Dahliasrule I don't get all the 'optics' stuff. It (any kind of 'it') makes little difference to me in any part of my life. If it works it works, if it does not work then it doesn't matter what it looks like.[/quote]
I agree.

It's politics for the Instagram generation!

mrshoho · 08/04/2022 12:19

I would describe it more as transparency. Why shouldn't we all be more aware of the financial circumstances of the people elected to serve this country?

SamphirethePogoingStickerist · 08/04/2022 12:20

@LauraNicolaides Crikey! That's what I meant. I don't use much SM and coudn't think how to phrase it. Thanks!

SamphirethePogoingStickerist · 08/04/2022 12:26

@mrshoho

I would describe it more as transparency. Why shouldn't we all be more aware of the financial circumstances of the people elected to serve this country?

These days that would be a very fine line to walk.

Look at all of the things that are being 'demanded' here, across the media about this. All sorts of information that nobody should have to provide is being mentioned, remedies that are touted as 'moral' etc. Yet few are looking at the stuff that would make a difference. Fewer seem to be aware of the published data that every MP has to provide or the places it is published.

publications.parliament.uk/pa/cm/cmregmem/contents2122.htm

LauraNicolaides · 08/04/2022 12:26

@daimbarsatemydogsbone

People voted for this.

The majority of people who voted didn't vote Tory.

Labour policy for the 2019 election was abolish the tax treatment Rishi's wife and other wealthy people use.

And an even bigger majority did not vote for that!

Original poster

FlowerArranger · 08/04/2022 12:33

From today's Guardian:

she may have avoided up to £20m in UK tax by being non-domiciled in the UK. Murty has said she pays tax overseas.

overseas?

Murty and her husband have carefully avoided saying WHERE she pays tax on her Indian dividends. Many people seem to assume that it is India - which would make it 'kind of alright', because India perhaps needs the money more than we do.

So why don't they come out and clarify? Instead, he stated that "she pays full international tax on every penny that she earns internationally”. WTF is international tax ???

Murty confirmed her non-dom status after the Independent website first reported the arrangement on Wednesday – the day the 1.25-percentage-point rise in national insurance took effect. It means her permanent home is considered to be outside the UK despite the Sunaks living in Downing Street.

Hm. Interesting. It's also interesting that Sunak is trying to deflect criticism by stressing that he would never dream of asking his wife to give up Indian citizenship for the sake of his political career. As if anyone was asking for her to renounce citizenship!!

www.theguardian.com/politics/2022/apr/08/akshata-murty-sunak-defends-tax-status-as-labour-and-no-10-deny-leak?CMP=Share_AndroidApp_Other

And this is before we get into the new information about them having been Permanent Residents of the US as recently as (I think) 2015. (Are they still holding valid green cards or did they renounce?) If this is true, it would open a whole new can of worms.

OP posts:

mrshoho · 08/04/2022 12:46

Look at all of the things that are being 'demanded' here, across the media about this. All sorts of information that nobody should have to provide is being mentioned, remedies that are touted as 'moral' etc. Yet few are looking at the stuff that would make a difference. Fewer seem to be aware of the published data that every MP has to provide or the places it is published.

We can all read the official declared interests of our MPs. Trouble is it doesn't always show the whole picture. Eg Rishi declares he owns 1 other property- A flat in London.

SamphirethePogoingStickerist · 08/04/2022 13:01

Trouble is it doesn't always show the whole picture. Eg Rishi declares he owns 1 other property- A flat in London.

See, THAT is one of the things I was talking about earlier. That IS something we should all be asking about. What is the Trust he put everything into? Is that actually legal? Is it being run in accordance with whatever guidelines there are? Because the questions were asked, quite a while ago... I haven't seen any response.

I am not saying we shoudn't ask for transparency. Just pointing out that many of the things being demanding far exceed 'reasonable'.