ChatterBank1 min ago
Why Is This News?
45 Answers
https:/
...woman optimises tax liability! Shocker!
...woman optimises tax liability! Shocker!
Answers
Best Answer
No best answer has yet been selected by ToraToraTora. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
You probably are, Gromit - can you honestly say that you have declared and paid tax on every single penny of income that you have received or gone out of your way to minimise your tax exposure?
Anyway, me thinks its more of a smear programme to get at the Chancellor. Legally, his wife has done nothing wrong.
Anyway, me thinks its more of a smear programme to get at the Chancellor. Legally, his wife has done nothing wrong.
I'd be much more concerned to find Sunak was unable to give accurate tax advice to his wife. That would be scary.
However, 15 years for non-dom does seem excessive. Particularly when you see the original reasons for it. Maybe that should be halved, but she appears to be paying all the tax she should for now.
However, 15 years for non-dom does seem excessive. Particularly when you see the original reasons for it. Maybe that should be halved, but she appears to be paying all the tax she should for now.
if she spends less than 90 tax days here, then she is non resident - a tax day is not the same as a working day as every time that you arrive or leave is not counted - i.e fly in on a Monday, leave on the Friday, then that's 3 tax days. There are havens like the Bahamas where you can be resident and pay zero tax - though you have to pay $15 mln on property I think the number is, and you also get a Bahamian passport. Then you travel around your different residences in the UK, France and the UsA avoiding any tax.
Mrs Sunak said
// she realised many people felt her tax arrangements were not “compatible with my husband’s job as chancellor”, adding that she appreciated the “British sense of fairness”.
She will pay tax on all worldwide income in future and for the last tax year, but not on backdated income, which could have saved her an estimated £20m of UK tax on foreign earnings from her billionaire father’s Indian IT company. //
Mea Culpa
// she realised many people felt her tax arrangements were not “compatible with my husband’s job as chancellor”, adding that she appreciated the “British sense of fairness”.
She will pay tax on all worldwide income in future and for the last tax year, but not on backdated income, which could have saved her an estimated £20m of UK tax on foreign earnings from her billionaire father’s Indian IT company. //
Mea Culpa
