Rishi Sunak’s wife is NOT elected OR in a public role but she is a woman

[BigGreenSpacehopper]

Have you noticed that Zac Goldsmith (elected), Mark Carney (role of significance to all of us as Govenor of the Bank of England), 4th Viscount Rothmere (controlling shareholder and Chair of the Daily Mail) all have non Dom status but no mention is really made. However, a woman, who has no public role, has never said anything public, is being criticised for her non Dom status?

And yes she’s getting massive dividends but I imagine as it’s family money there is a massive pre-nup in place so it’s not like Rishi will be able to run off with it!

It is clear that she does pay tax in India, and I think it has been said. As a citizen she's liable to tax on income arising there.

@midsomermurderess

It is clear that she does pay tax in India, and I think it has been said. As a citizen she's liable to tax on income arising there.

Do you really think that she pays a similar proportion of her income in tax in India as an average Indian?

@midsomermurderess

It is clear that she does pay tax in India, and I think it has been said. As a citizen she's liable to tax on income arising there.

This is not accurate.

Thry funnel their money from India to Mauritius to vastly reduce their effective tax rate to single digit %'s.

You are being conned.

Do you even understand how public finances work?
For the 100000th time,
You cannot treat them as household finances. Any debt can be paid back over 100 years if you want. Not by crushing the economy for 4 (2026).
Choosing 4 years is political. Period.
Getting very tired of you Tory apologists.

I spent 20 years working in finances inc public (and now work more in a tax related field ).

I'm good thanks

@midsomermurderess. If it has been said I must have missed it— I have read several features saying it was paid in Mauritius — thing is though to me whilst it’s not at the moment illegal, it’s just bad form— she lives here, she has her kids at school here, they live in downing st, her H is chancellor of the exchequer-!! it’s not an 18 month secondment from India. There are many people deriving substantial income from overseas but as they live here on a permanent basis, they pay tax here and don’t go down the nonndom route— Paul McCartney and Elton John for example. We cannot have someone as chancellor of the exchequer who themselves as a family are taking full advantage of some rather ‘fluid’ loopholes. He’s hardly going to be invested in closing them is he. And as someone mentioned above about competing for ‘super rich people’ - all I can see is they take their tax elsewhere, inflate property prices in certain towns and cities, , and use the UK to hide in many cases dirty cash and if we talk about investment in business— it’s only certain types of business they are remotely interested in— it’s not jim smiths chain of newsagents or a cheese making plant— and it’s rarely super rich Swedes or Germans or Italians— it’s nearly always non Europeans.

Mind you I’m sure the accountants on mumsnet (and there seem to be many) love them as no doubt high paying clients.

@Crikeyalmighty

Those thinking she paid her tax in India— do you not think if that was the case they wouldn’t have said so by now as it looks slightly less bad?? Previous dividends have been funnelled via Mauritius- that’s on record it seems. And those saying they are all as bad. No they aren’t— if any labour or Lib Dem current politician and ‘in office’ was doing this— it would be all over the right wing press. What people do before they get into parliament and after they leave is their business really- but whilst in office your whole families finances, claims for expenses, tax arrangements and nice little backhanders (otherwise known as cash for questions) are up for scrutiny. Years ago when I worked for a bank I was hauled in because my ex husband (married at the time) who also banked with them , was over his overdraft and had 2 bounced cheques(small amounts) — Green cards also state you cannot apply for gvt roles outside the US— so they have broken the US rules and what’s probably alarming them now is the US could easily rescind the green cards. You get the big jobs- you play by the rules or you are fair game—

This is the part that amazes me.

All of this was easily foreseen as a risk. The first thing they should have done if they truly wanted Sunak angling for PM would have been to get all of their affairs in order.

Even if found out about non-dom, and previous tax arrangements, they could have said that it was the proper thing to do - and they would have scored a big PR hit with the UK public.

Its really hard to tell if this was naivete or just flat out entitled hubris.

@crikeyalmighty, I know all that, you don't need to rehearse it all for me. I was just saying it has been noted that she pays tax in India. On what, I don't know, that part is none of my business.

*This is the part that amazes me.

All of this was easily foreseen as a risk. The first thing they should have done if they truly wanted Sunak angling for PM would have been to get all of their affairs in order.*

But Keir is just the same. You know he owns a field in Surrey and everything on it.

@StormzyinaTCup

Do you even understand how public finances work? For the 100000th time, You cannot treat them as household finances. Any debt can be paid back over 100 years if you want. Not by crushing the economy for 4 (2026). Choosing 4 years is political. Period. Getting very tired of you Tory apologists.

I spent 20 years working in finances inc public (and now work more in a tax related field ).

I'm good thanks

I work in financial risk and do some serious long term financial modelling (actuarial).

Being an accountant tells you diddly squat about long term financial and economic planning.

If I want to add things up, or subtract things in a ledger, I will give you a call.

Until then though, don't take out the "I am an accountant card".

You will make the real professionals laugh.

[quote midsomermurderess]@crikeyalmighty, I know all that, you don't need to rehearse it all for me. I was just saying it has been noted that she pays tax in India. On what, I don't know, that part is none of my business.[/quote]
Does India have VAT?
If so when she buys sweets she pays tax and of course that makes it all ok?

*I work in financial risk and do some serious long term financial modelling (actuarial).

Being an accountant tells you diddly squat about long term financial and economic planning.

If I want to add things up, or subtract things in a ledger, I will give you a call.

Until then though, don't take out the "I am an accountant card".

You will make the real professionals laugh.*

Rishi has the advantage of having spent years playing with his father in laws money, so is ideally placed to waste all of ours as Chancellor.

@jgw1

*I work in financial risk and do some serious long term financial modelling (actuarial).

Being an accountant tells you diddly squat about long term financial and economic planning.

If I want to add things up, or subtract things in a ledger, I will give you a call.

Until then though, don't take out the "I am an accountant card".

You will make the real professionals laugh.*

Rishi has the advantage of having spent years playing with his father in laws money, so is ideally placed to waste all of ours as Chancellor.

Its been tough to get information on his professional background (whether he was competent ot not).

PE seems to have closed ranks which is a bit odd.

I guess that with the latest revelations, you will see more information come out about any of his prior deals in PE and what he himself actually did.

The question I keep asking myself is:

Who is Rishi Sunak?

In reality, beyond instagram and his constant PR and Marketing ploys we really do not know much.

Boris is incompetent, and he need to go. But what matters to the Tories is that the average UK person can still very much relate to him. Warts and all.

@jgw1: I don't know about India's tax system. The issue at hand is the probity of her non-dom status being wife of CoX. Frankly, how her income is taxed in India is neither here nor there, but it appears she is in some if it.
I don't approve of this non-dom stuff being exploited in this way, stop witlessly suggesting I do or trying to hang your 'outrage' off me. I have no time for this inability to concentrate on the matter in hand, and 'so you're saying....', extrapolating from precisely nothing I have said to some weird position of your own. It's beyond tiresome.

HNWI taxation is a really niche area. Most accountants know very little about it (unless they work for/bank with Coutts or in the HNWI division of a Top 4 firm). Taxation law is designed to be impenetrable to average Joe because it is aimed at unapologetically protecting/preserving privileged interests...and that is after there was supposedly a targeted effort to simplify it.

[quote midsomermurderess]@jgw1: I don't know about India's tax system. The issue at hand is the probity of her non-dom status being wife of CoX. Frankly, how her income is taxed in India is neither here nor there, but it appears she is in some if it.
I don't approve of this non-dom stuff being exploited in this way, stop witlessly suggesting I do or trying to hang your 'outrage' off me. I have no time for this inability to concentrate on the matter in hand, and 'so you're saying....', extrapolating from precisely nothing I have said to some weird position of your own. It's beyond tiresome.[/quote]
I quite agree, the whataboutery that we get on these types of threads is utterly tedious.
We have had Rishi's unethical position variously blamed on Ed Davey, Keir's beer, Jeremy Corbyn and a donkey, its dull I wish posters would just accept that I am right and they are wrong.

We cannot have someone as chancellor of the exchequer who themselves as a family are taking full advantage of some rather ‘fluid’ loopholes. He’s hardly going to be invested in closing them is he. And as someone mentioned above about competing for ‘super rich people’ - all I can see is they take their tax elsewhere, inflate property prices in certain towns and cities, , and use the UK to hide in many cases dirty cash and if we talk about investment in business—

In return they bring a huge amount of money into the U.K. Its an unknown how much wealth (and jobs) would leave the country if you remove the non dom status. If you are a very wealthy individual you will have one or two companies in the U.K. but many more spread across the world so, if you are going to change their tax status then it makes financial business sense for them to look at closing their business in the U.K. and taking their wealth (and jobs) somewhere else with more favourable tax incentives. It’s very difficult to calculate whether any of the extra tax that you would expect this to generate is then negated by the number of non doms that would leave and that is an unknown figure. It’s exactly why it’s been in all parties manifestos over many years and never actually implemented.

I work in financial risk and do some serious long term financial modelling (actuarial).
Being an accountant tells you diddly squat about long term financial and economic planning.
If I want to add things up, or subtract things in a ledger, I will give you a call.
Until then though, don't take out the "I am an accountant card".
You will make the real professionals laugh.

Gosh, I seem to have touched a nerve. My profession is not mentioned in my post and I didn’t realise we were playing career top trumps. Find someone else to play that game with.

"It’s exactly why it’s been in all parties manifestos over many years and never actually implemented."

I disagree. As I have said previously I think they haven't changed the legislation because non doms stick a large amount of money in to political party coffers.

Thus they have bought themselves the ear and therefore influence of that party.

Why else would a non dom invest in a UK political party?

The new Elections Bill will make it easier for non doms to vote in UK elections and to donate to political parties.

@StormzyinaTCup

Whether he goes or stays makes not the blindest bit of difference to our taxes or their taxes. In fact if he stands down she can revert back to paying non dom tax (or maybe even no tax). The country will still have a huge debt mountain that needs paying for.

I'm pleased he has asked for an enquiry into the leak. We all should hold politicians to account but I don't agree with how this has been done, she is not a public figure and has been thrown to the media for a very public mauling because someone somewhere has an axe to grind against her husband.

He's asked for an enquiry because according to the Guardian he thinks Labour have leaked it. I suspect he needs to look closer to home.

...

He's asked for an enquiry because according to the Guardian he thinks Labour have leaked it. I suspect he needs to look closer to home.

I wouldn't rule out the possibility that Rishi actually reckons he's been stabbed in the back by one of his own lot, but has decided getting his revenge is more important than party interests.

@HardyBuckette

He's asked for an enquiry because according to the Guardian he thinks Labour have leaked it. I suspect he needs to look closer to home.

I wouldn't rule out the possibility that Rishi actually reckons he's been stabbed in the back by one of his own lot, but has decided getting his revenge is more important than party interests.

The enquiry we need is how we have ended up with a senior member of the government who wants to live in another country. Is that the one that Rishi wants?

@StormzyinaTCup

I work in financial risk and do some serious long term financial modelling (actuarial). Being an accountant tells you diddly squat about long term financial and economic planning. If I want to add things up, or subtract things in a ledger, I will give you a call. Until then though, don't take out the "I am an accountant card". You will make the real professionals laugh.

Gosh, I seem to have touched a nerve. My profession is not mentioned in my post and I didn’t realise we were playing career top trumps. Find someone else to play that game with.

I don't need to because I know I am at the top of the totem pole when it comes to this sort of work.

You have showed a consistent inability in this thread to look at the situation with the Chancellor with an objective lens. Purely for ideological reasons. That is always the mark of someone of below average competence.

So no, no nerve touched. Just predictable.

He's asked for an enquiry because according to the Guardian he thinks Labour have leaked it. I suspect he needs to look closer to home.

I’m quite happy to take a view on that once the facts are known. I’m not a Tory apologist as has been mentioned up thread. If it’s No.10 then it doesn’t change my opinion that I think it’s out of order to target her like this. If it is No.10 (team Boris) then aside from anything else their timing is rubbish because Boris is riding well on a couple of successes this week and the party as a whole will be wanting to do well in the local elections. Seems self-sabotage for the party to leak this now unless of course there is an imminent leadership challenge that we are unaware of.

Another line of thought is that Labour have been caught looking ridiculous this week over the ‘Penis Gate’ debacle and inadvertently have handed Boris (Conservatives) a much needed boost on top of elections when it’s imperative that they, at the bare minimum, keep their existing seats next month. It’s rather convenient that a mere 24hrs later there is a leak about a key figure in the Conservatives.

Just my thoughts.