Brexit: Truss drops plan for Northern Ireland tax cut after Sunak opposition April 10, 2022 Liz Truss’ plan to give a post-Brexit tax break to Northern Ireland to entice hundreds of companies to return has been blocked by chancellor Rishi Sunak. The foreign secretary wrote to Boris Johnson last month to call for a series of measures to boost trade between Northern Ireland and Great Britain, including tax breaks and [...]
Sunak considered resigning over his wife’s non-domicile tax status April 10, 2022 Rishi Sunak considered resigning as chancellor last week amid a torrent of stories about his wife having non-domicile tax status in the UK, it has been revealed. It was reported by The Independent last week that Sunak’s wife Akshata Murthy, who is worth around £700m personally and is the heiress to a £3.5bn fortune, was [...]
Sunak’s wife to pay UK tax on overseas income April 10, 2022 Rishi Sunak’s wife will pay UK tax on her overseas income after a row over the appropriateness of her non-dom status, she announced yesterday. The Chancellor’s wife, Akshata Murty, an Indian national, said she will pay UK taxes on her foreign income to avoid becoming a “distraction” for her husband’s political career. Critics have accused [...]
Rishi Sunak held green card while made chancellor meaning Tory bigwig was permanent resident in US April 8, 2022 Rishi Sunak and his wife Akshata Murthy reportedly held US green cards allowing permanent residence there, while he served as chancellor. It was reported he obtained it while living there before becoming an MP, and continued to hold it when he moved back to the UK, for at least a year of his chancellorship which [...]
Fighting back: Rishi Sunak dismisses wife’s non-dom tax controversy as ‘unpleasant Labour smears’ April 8, 2022 Chancellor Rishi Sunak has come out fighting for his wife Akshata Murthy, who is facing claims of avoiding tax due to her Indian citizenship and non-dom status. The Tory heavyweight insisted that his wife, who owns a 0.9 per cent stake in her billionaire father’s firm Infosys, is “100 per cent doing everything this country [...]
Sunak tells Bank of England to ease up on opposition to fossil fuel April 8, 2022 Rishi Sunak has urged the Bank of England to ease up on its opposition to fossil fuel investment despite the UK's green commitments.
Letters: A light touch for crypto rules April 8, 2022 [Re: Rishi Sunak sets out plan to turn UK into ‘global hub’ for crypto, April 4] The UK government’s plan to regulate cryptocurrencies is a major step in the right direction towards unlocking the huge potential of digital assets while ensuring investors are protected – just like in any other financial market. It is vital [...]
Explainer-in-brief: Downing Street’s non-domicile resident April 8, 2022 The latest in a string of bad news for the chancellor’s PR team post-spring statement is, unfortunately, his other half. Akshata Murty, the daughter of an Indian billionaire, has apparently been claiming non-domicile status since she moved to the UK in 2015. This means Murty pays tax on money earned in the UK, but not [...]
Lawyers cast doubt over claims Sunak’s wife’s ‘non-dom’ status has nothing to do with tax benefits April 7, 2022 Tax lawyers have cast doubts over claims that Rishi Sunak’s wife is not using her “non-dom” status for tax benefits. Lawyers countered claims that billionaire heiress Akshata Murthy’s non-domicile status is linked to her Indian nationality, after pointing out domicile has “nothing to do with citizenship” under UK law. The tax experts noted that Murthy’s [...]
EON chief hammers government for failing to protect households April 7, 2022 The boss of EON has blasted the government's energy security strategy for failing to include plans to protect the poorest households.