To think it sets a really bad example for the country when the PMs family have tax dodged millions

[Chloefairydust]

Just that really…

Im really surprised Sunak actually made it to be prime minister considering the recent stories that have been in the news regarding his family avoiding millions of ££ in tax . I actually thought Boris would have been more likely to have been PM. (Not that he’s any better🤔)

This is exactly what I mean. I know technically there is a legal loophole but it still seems corrupt to me…

Couldn't care less

Of course they didn't do anything immoral - they did sensible tax planning, which many thousands of people do. And, actually, morals have nothing to do with the law!

Its not even immoral or corrupt its just sensible tax planning and provided for within UK tax legislation.

Even if it was a "loophole", it's barely worth mentioning compared to other PMs and MPs scandals!

@Chloefairydust i lived in a low income country for several years working for an international charity. I was non-Dom and didn’t pay Uk tax.

you are suggesting that all non-Dom aid and charity workers are corrupt. As well as all other non-doms who act within tax law.

can you explain why us following the law is corrupt please and why you think we should have paid taxes to a country where we were non-resident?

It would be a bit iffy for the Prime Minister's wife to declare that she's only here temporarily and is going to move "home" eventually. The natural conclusion would be that he was intending to go with her, and was also only a temporary resident.

Fortunately she's now decided that she's here for the foreseeable and is paying tax accordingly. Six weeks ago I suspect they thought they'd made a very bad bargain, but it's now looking like a better deal. I hope they think the job was worth it in the end.

Wasn't it his wife?

Thought it was very sexist when they were saying he should know his wife's finances, sure it wouldn't have been the same if it was Truss's husband.

They have accountants and do as they are advised.

There is a big difference between tax avoidance (which is entirely legal), and tax evasion (which isn't).

His wife changed her status so that she would pay more income tax. She didn't have to.

This is such a non story with racist undertones.

Yawn

Since you haven't a clue, I'll explain it to you.

Tax evasion is breaking the law by not paying tax owed. Does not apply in to them.

Tax avoidance is avoiding tax by using a loophole in the law. Does not apply to them.

Acceptable tax mitigation is paying less tax in ways that parliament went out of its way to say you are allowed to do. Saving into pensions and ISAs is the way most people do this. Another, that applies to some people with ties to another country, is non-dom status, which lets you be taxed in that country, rather than the UK, on income that was not earned in the UK.

His wife did the latter. Legally and morally, it is equivalent to what you or I do when we save in a pension or ISA.

She (Sunak's wife) did absolutely nothing wrong, but because of a public witch-hunt by a bunch of angry idiots with fuck-all understanding of anything, she was bullied into handing over money earned outside the UK which has fuck-all to do the UK.

Legally and morally, it is equivalent to what you or I do when we save in a pension or ISA

this bears repeating

Both you and GrumpyPanda are wrong.

This is not tax avoidance and there is no legal loophole.
This is not corruption.

This is perfectly legal, morally correct, tax planning.
Tax Planning is something millions of people do across this country.

As I say, you may not like it , but it is in no way corrupt.

If you do not like the UK Tax Laws on Non-Domicile status, please write to your MP to re-write the legislation.

Yes, but to be clear, what she did was not even tax avoidance.

I’ve said YABU because you expected better. We absolutely know what we’re getting here. We didn’t vote for it and he’ll probably be gone by Easter latest. Then Penny will have her go and then hopefully we’ll be in spitting distance of a general election. This is ‘hanging off a cliff by your fingertips’ time.

The new PM is a WEF shill. All on this thread will pale into insignificance one day.

Who are these people that make no effort to not overpay tax? Are they all on MN? It’s such a privilege to be in the company of such selfless beacons of humanity.

I don’t think he’s any worse than the other MPs in this regard. The UK non Dom status is strange and a lot of other countries find this so (not sure that any others allow this?). Why we do annoys me and I used to work in wealth management.

They all use legal loopholes and I think that his wife is not using them now even though she could. Its is different to us having a PM’s wife who has so much wealth.

But that’s not his fault his wife is rich.

Do you think Boris paid everything he absolutely could in tax or do you think he had an accountant to do the best to avoid tax?

Rich people are going to do rich people stuff.

@sst1234 😂

I don’t understand how the PM’s wife acting perfectly within the law sets a bad example to the country. Or am I missing something?

I'm not sure what other countries do about taxing people who are here temporarily. The UK non-dom tax rules may or may not be appropriate for temporary residents.

The problem is that there are a handful of top jobs, including the PM, that probably shouldn't be done by temporary residents - so if they or their spouse is a non-dom (or holds a US green card) then it raises the question of whether they're actually here for duration, and if so, whether they're making fraudulent assertions about their life plans which would actually border on tax evasion.

In any case, they've both now given up green card/non-dom status, (at considerable expense) which seems appropriate under the circumstances. All fine, and neither Truss nor Johnson is PM and JRM is out, so that's a win.

These threads are getting tiresome. You may not like it but it’s all/was perfectly legal. There is nothing corrupt about her tax arrangements. But MN certainly hates rich people.

Actually they should be welcomed because they pay more tax than anyone else as she now does having changed her tax status that she didn’t need to do.

Would you like to pay more tax that you don’t need to by law?

Agree