United Kingdom – Finance Minister’s wife drops tax concession

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Akshata Murthy, who has been criticized across the channel for several days for saving millions of taxes, has announced that she will drop her privileged tax status.

Finance Minister Rishi Sunak and his wife Akshata Murthy, February 9, 2022.

Finance Minister Rishi Sunak and his wife Akshata Murthy, February 9, 2022.

AFP

Akshata Murthy, the wife of British Finance Minister Rishi Sunak, announced on Friday that her foreign income would now be taxed in the UK after being heavily criticized for saving millions in taxes due to her privileged tax status.

Wealthy Akshata Murthy said in a statement that he no longer wanted to claim the “tax deduction” he was enjoying because of his pre-1799 legal status as “non-dome” (non-resident). Even if she lives in London, avoid taxing her majesty’s treasury on her foreign income.

The privilege of this privilege is not well known amid the purchasing power crisis in the UK and has already provoked criticism of her husband, Finance Minister Rishi Sunak. Akshata Murthy, who does not want her husband to become a “thinker”, has promised to pay taxes in the UK now on all (her) income worldwide. “I do it because I want to, not because the rules ask me to,” he said.

Far from reality

The Treasury Chancellor, who was considered a few more weeks ago after Boris Johnson, the young rising star of the Conservatives who spent lavishly to help the British during epidemics, is embroiled in rising prices in the country.

The 41-year-old talkative former investment banker, a millionaire minister, was considered insensitive and far removed from reality because of a history mismatch in the purchasing power of families.

Adding to the opposition’s attacks on his lifestyle, The Independent this week revealed a favorable tax position for his wife, a wealthy Indian, and the daughter of the billionaire co – founder of Infosys Technology Group. Earlier on Friday, Rishi Sunak condemned the “slander campaign” coming from the ranks of the Labor opposition. “It’s bad that my wife is slandering me,” he said in an interview with The Sun.

Life

According to The Guardian’s daily, Akshata Murthy has received 54 54.5 million in dividends from Infosys since 2015, and his status would have allowed UK tax authorities to avoid paying 20 20 million (மில்லியன் 24 million). .

Rishi Sunak pleaded, “My wife was born in India and she was brought up there.” Without convincing everyone, many experts point out that status has nothing to do with nationality.

These revelations have gone downhill in a country that sees the cost of living rising as the situation worsens following a massive rise in gas and electricity tariffs on April 1st. In this difficult context, they have shed light on Sunax’s lifestyle of owning property in both Minister-elected Yorkshire (northern England) and California.

On Friday, the British newspaper “The Independent” revealed that the minister was listed among the beneficiaries of two tax havens in the British Virgin Islands and in the Cayman Islands. It is enough to feed the criticisms of the opposition on the conservatives who ignore the rules imposed on others and use the system for their personal convenience.

(AFP)

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