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

[FlowerArranger]

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.

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?

I doubt if it will happen, but it would be hilarious if Rishi were barred from the USA for breaking their laws on green cards and foreign politics.

Elected in the first round winning over 50% of the vote to be candidate.

www.thenorthernecho.co.uk/news/11545034.new-conservative-candidate-richmond-blew-contenders-water/

Comments sections shows a little discomfort (and racism)

Sajid Javid has come out as an previous non-dom now as well, he did give it up on entering politics and nobly started paying his full share of taxes from then.

@ENoeuf

www.thenorthernecho.co.uk/news/11545034.new-conservative-candidate-richmond-blew-contenders-water/

Comments sections shows a little discomfort (and racism)

Ew, the racism is horrible in those comments.

I wonder what other leaks are about to be dripped out. I am certain more than two members of our lovely government have or have had slightly iffy tax arrangements. Bunch of bloody chancers.

Ew, the racism is horrible in those comments.

Isn’t it? Just so casual, and knowing it won’t be challenged.

@DuncinToffee

Sajid Javid has come out as an previous non-dom now as well, he did give it up on entering politics and nobly started paying his full share of taxes from then.

We know he has his sights on the top job so this was a damage limitation exercise I bet.

A couple of prescient comments:

I remember Alex Salmond having a token cottage as he represented our constituency many moons ago. I'm sure many MPs just have a property in their constituency they aren't from and are never in.

@Polyanthus2

I remember Alex Salmond having a token cottage as he represented our constituency many moons ago. I'm sure many MPs just have a property in their constituency they aren't from and are never in.

Oh that is definitely true. My previous MP bough a two up two down terrace in the constituency when he was awarded it in a way which I'm sure was completely unconnected to his titled party grandee father.

What is unusual with Sunak though was that he hadn't even been involved in UK politics for years let alone Yorkshire.

Ah I didn't realise he'd lived in the US! I don't think I'd change my answer about his possible non-dom status based on that though. He's very well-established here, if theoretically he was to try and acquire a domicile of choice e.g. in the US I think HMRC would take a very dim view right now.

Presumably HMRC knew about the Green Card which is a pretty major step towards becoming domiciled in the US. I guess they just decided not to make a fuss about it when he became Chancellor.

j712adrian
Add that to the outrageous securing of levelling up funds for Richmondshire for his political and personal gain

I have already posted that the Good Law Project withdrew its judicial review challenge, based on legal advice about our likelihood of success following disclosure by the Government of its documents.

In fact, it seems that Richmondshire's levelling up fund will be used to develop town and transport facilities for Catterick Garrison -

www.army-technology.com/projects/catterick-garrison/

Cllr Dale said: “People need to recognise that we have the county’s largest garrison and with that there’s a duty of care and responsibility to provide places for people to shop and meet.”

www.thenorthernecho.co.uk/news/19630066.20m-bid-boost-catterick-garrison-town-centre-revamp/

@FlowerArranger

If not BJ or RS...... then who ???

Seriously...... Liz T, JRM, petty Patel, Javid whatshisname, Michael Gove...,,,

How did we end up with shower of turds???

Because idiots vote for them.

Because idiots vote for them.

Not really - there's a real lack of choice. If we all don't vote it doesn't achieve anything except maybe monster raving loonies as MPs

Because idiots vote for them

Many “idiots” only voted for them because the alternative was Corbyn and his Momentum pals. Wonder where we would now be with them? Flying the Russian flag over the House of Commons?

And those same “idiots” will vote for them again unless Starmer succeeds in ridding the party of Momentum …something he has not managed to do to date.

@FlowerArranger

Some people are not getting it. Just because someone is a citizen of another country doesn't mean they don't have to pay tax in the UK!

Tax status is not automatically linked to citizenship. The Chancellor's wife has ACTIVELY CHOSEN to be non-domiciled even though she lives in the UK, in order to save tax.

If she wanted the Indian people to benefit from her dividends, she could contribute to charities there rather than choose to pay her taxes there. For one thing she'd have more control over where her money goes and who would benefit.

Maybe she is keeping her Indian passport as that’s where she may wish to return if her husband loses his job . A political career can vanish overnight and she can’t have dual nationality with an Indian passport .

There is real proper poverty in India and I’m sure her tax is needed there
far more than here . No doubt they support lots of charities in this country but don’t boast about it .

This is a nasty attack on our brightest and one of the most hard working politicians. He has to balance the books to some extent and reduce peoples reliance on government support .Everyone wants everything for free nowadays and I wonder how many of the outraged above have paid a job in cash knowing it was to avoid vat . We don’t want to end up in the state Gordon Browns government left us in .

His and her families worked incredibly hard to get where they are today and her fathers company employs thousands of people .

She is an easy target and shame on the person who gave her tax details to the press . This is a criminal offence .

This is a tough time for people who are struggling but actually it’s world wide and better to be struggling here than in the back streets of an Indian city .

@Edmontosaurus

Because idiots vote for them

Many “idiots” only voted for them because the alternative was Corbyn and his Momentum pals. Wonder where we would now be with them? Flying the Russian flag over the House of Commons?

And those same “idiots” will vote for them again unless Starmer succeeds in ridding the party of Momentum …something he has not managed to do to date.

If you think momentum still have any power within the Labour Party you haven’t been paying attention. Corbynites despise Starmer far more than any Tory and would love to see him lose an election. They will never forgive him.

@annabelindajane
How can you defend him. Its sick. No one needs that much money. Ever. Its pure greed.

People seem so jealous of the rich. I live near the estate of the Duke of Buccleuch, largest, or possibly second largest landowner in Britain. Lives in London or ?Bahamas or similar now though. There's always been very rich people.

[quote Clavinova]j712adrian
Add that to the outrageous securing of levelling up funds for Richmondshire for his political and personal gain

I have already posted that the Good Law Project withdrew its judicial review challenge, based on legal advice about our likelihood of success following disclosure by the Government of its documents.

In fact, it seems that Richmondshire's levelling up fund will be used to develop town and transport facilities for Catterick Garrison -

www.army-technology.com/projects/catterick-garrison/

Cllr Dale said: “People need to recognise that we have the county’s largest garrison and with that there’s a duty of care and responsibility to provide places for people to shop and meet.”

www.thenorthernecho.co.uk/news/19630066.20m-bid-boost-catterick-garrison-town-centre-revamp/[/quote]
As usual, not the whole story. I suspect (but cannot prove - and that's why the Good Law Project has had to withdraw) that we are being lied to .

January 12, 2022

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The Good Law Project has withdrawn its judicial review challenge over the multi-billion pound “Levelling Up Fund”.

The public interest litigation group had received permission in August 2021 from the High Court to bring the challenge against the Secretary of State for Housing, Communities and Local Government, the Chancellor of the Exchequer and the Secretary of State for Transport. The court also ordered an expedited hearing.

The Good Law Project was seeking to challenge the lawfulness of the allocation decisions and the methodology that the defendants stated they had used to determine those allocations.

However, the Good Law Project said had “somewhat reluctantly” withdrawn its application. This decision was “based on legal advice about our likelihood of success following disclosure by the Government of its documents”.

Article continues below...
LexisNexis

"The group said it had decided to bring the case, in part, following a message from “a senior source” inside the Cabinet Office, which it said it had received via a highly trustworthy intermediary."

“The intermediary told us: ‘Officials came under enormous pressure from Ministers to favour Tory seats or winnable marginal seats; the criteria were fake and last-minute.’,” the Good Law Project said.

"It acknowledged that the documents the Government had subsequently disclosed “tell a different story”. When asked, the Cabinet Office source declined to provide corroboration, it said."

So they have faked the documents to ensure they can't be nabbed for what really happened.

Sure Richy Rishi's Richymond definitely needs the cash more than Hull or Barnsley. Nowt to do with who their MPs are of course.

[quote DrManhattan]@annabelindajane
How can you defend him. Its sick. No one needs that much money. Ever. Its pure greed.[/quote]
I’ve just picked my jaw off the ground after reading that post. You’re right, it is sick.

There is real proper poverty in India and I’m sure her tax is needed there

Exactly. This is the point that won me over.

@SScoobiedoo

People seem so jealous of the rich. I live near the estate of the Duke of Buccleuch, largest, or possibly second largest landowner in Britain. Lives in London or ?Bahamas or similar now though. There's always been very rich people.

I bet people would be even more jealous if they knew how many of the UK's large landowners got their land in the first place.

There will always be outrageously rich people . Look what happens in communist countries where it’s all for the state and everyone has the same standard of living - supposedly . But still the elite fly high above it all . I give you the USSR and look what happened there .

I admire those who start very successful companies and employ thousands of people .

@AnastasiaRomanov

There is real proper poverty in India and I’m sure her tax is needed there

Exactly. This is the point that won me over.

So will she end up paying no tax in India now?