• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Kwasi Kwarteng Says He Is “Not Here To Talk About” Rishi Sunak’s Wife’s Tax Affairs

April 7, 2022
in News
0
Kwasi Kwarteng Says He Is “Not Here To Talk About” Rishi Sunak’s Wife’s Tax Affairs
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Kwasi Kwarteng Says He Is 'Not Here To Talk About' Rishi Sunak's Wife's Tax Affairs

Kwasi Kwarteng

Adam Payne

2 min read2 hr

Business Secretary Kwasi Kwarteng has insisted the tax affairs of Rishi Sunak’s wife are “completely in order” after a report that she uses non-domicile status to pay less tax overshadowed the publication of the government’s long-awaited energy security strategy on Thursday morning.

Kwarteng said the way in which Akshata Murthy pays tax is “utterly legal” and that neither she nor her husband, the chancellor, had done anything wrong.

An individual with non-domicile status can be saved from paying tax on foreign earnings. The system is lawful but campaigners for years have called for it to be reformed.

The Independent reported last night that Murthy could have saved many millions of pounds over several years through her non-domicile status. She has a share in Infosys, the IT company owned by her father, which is currently worth around £725m. Over the past year she could have received over £11m in dividends, according to the The Independent’s calculations.

A spokesperson for Murthy last night said her non-domicile status was due to her being an Indian citizen, a point which Kwarteng reiterated this morning.

“She made it very clear that as Indian national she can’t have dual-citizenship and she’s got a non-dom status here in the UK,” the business secretary told Sky News.

“After 15 years staying here she will be domociled, but at the moment she pays tax on UK income and on foreign income she pays the tax outside the UK. That’s what non-domocile status means”.

However, a non-domincile individual’s decision to pay less tax is optional, meaning Murthy could pay more tax if she wanted to.

Kwarteng told host Kay Burley that he hadn’t gone on Sky News to comment on Murthy’s tax affairs and said “people can reach their own conclusions” about them.

“All I have to say is he’s made full decleration of what’s happened. She’s non-domocile status and that is utterly legal. Everything is completely in order and he’s always been very transparent about these issues,” he said.

Kwarteng added that the criticism of Murthy was “completely unfair”. Last week Sunak told the BBC it was “wrong” for people to criticise his wife, but “fair game” to take “shots” at him.

“I agree with him [Sunak] that it’s completely unfair to be bringing someone who is not a politician and essentially attacking them in the way that’s happened. I totally agree with him on that,” Kwarteng said.

Last night Labour called on Sunak to “urgently explain” how much money he and his family have saved on their tax bill.

Tulip Siddiq, shadow economic secretary to the Treasury, said: “The chancellor has imposed tax hike after tax hike on the British people. It is staggering that – at the same time – his family may have been benefitting from tax reduction schemes”.

PoliticsHome Newsletters

PoliticsHome provides the most comprehensive coverage of UK politics anywhere on the web, offering high quality original reporting and analysis: Subscribe

Tags: affairsKwartengKwasiRishiSunaksTalkTaxwifes
Previous Post

Deals Across iPhone 13, Pixel 6 Pro, Samsung Foldables

Next Post

Trevor Zegras, Adam Henrique score in Ducks loss to Flames

Related Posts

Ozzy Osbourne, 73, is seen leaving Milk Studios in Los Angeles… after daughter escaped fire – Daily Mail
News

Ozzy Osbourne, 73, is seen leaving Milk Studios in Los Angeles… after daughter escaped fire – Daily Mail

https://www.dailymail.co.uk/tvshowbiz/article-10839359/Ozzy-Osbourne-73-seen-leaving-Milk-Studios-Los-Angeles-daughter-escaped-fire.html

Read more
Elon Musk, Brazilian president discuss connectivity, Amazon rainforest preservation efforts – Fox Business
News

Elon Musk, Brazilian president discuss connectivity, Amazon rainforest preservation efforts – Fox Business

https://www.foxbusiness.com/technology/elon-musk-brazilian-president-discuss-connectivity-amazon-rainforest-preservation-efforts

Read more
Warriors absorb power punch from Luka Doncic, Mavs in Game 2, setting stage for Stephen Currys knockout blow – CBS Sports
News

Warriors absorb power punch from Luka Doncic, Mavs in Game 2, setting stage for Stephen Currys knockout blow – CBS Sports

https://www.cbssports.com/nba/news/warriors-absorb-power-punch-from-luka-doncic-mavs-in-game-2-setting-stage-for-stephen-currys-knockout-blow/

Read more
Michigan governor declares state of emergency after powerful tornado rips through town, killing 1 person and injuring more than 40 – CNN
News

Michigan governor declares state of emergency after powerful tornado rips through town, killing 1 person and injuring more than 40 – CNN

https://www.cnn.com/2022/05/21/weather/gaylord-michigan-tornado-saturday/index.html

Read more
North Korea reports more fevers as Kim claims virus progress – The Associated Press
News

North Korea reports more fevers as Kim claims virus progress – The Associated Press

https://apnews.com/article/covid-politics-health-north-korea-0a198d8d7ee70ccf897e8a592ec14e32

Read more
Load More
Next Post
Trevor Zegras, Adam Henrique score in Ducks loss to Flames

Trevor Zegras, Adam Henrique score in Ducks loss to Flames

  • Trending
  • Comments
  • Latest
Its a Type of Genotoxicity: Virologist Explains mRNA Vaccine Conversion to DNA – The Epoch Times

Its a Type of Genotoxicity: Virologist Explains mRNA Vaccine Conversion to DNA – The Epoch Times

Chris Watts’ $660K family home where he strangled pregnant wife Shanann to death is secretly ON SALE in Colorado

Chris Watts’ $660K family home where he strangled pregnant wife Shanann to death is secretly ON SALE in Colorado

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

‘Heartbroken’ Dog Doesn’t Understand Why His Family Is Leaving Him At The Shelter

‘Heartbroken’ Dog Doesn’t Understand Why His Family Is Leaving Him At The Shelter

Free Last-Day-of-School Printables

Free Last-Day-of-School Printables

Starliner docks with ISS for the first time – SpaceNews

Starliner docks with ISS for the first time – SpaceNews

Ozzy Osbourne, 73, is seen leaving Milk Studios in Los Angeles… after daughter escaped fire – Daily Mail

Ozzy Osbourne, 73, is seen leaving Milk Studios in Los Angeles… after daughter escaped fire – Daily Mail

Elon Musk, Brazilian president discuss connectivity, Amazon rainforest preservation efforts – Fox Business

Elon Musk, Brazilian president discuss connectivity, Amazon rainforest preservation efforts – Fox Business

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Free Last-Day-of-School Printables

Free Last-Day-of-School Printables

Starliner docks with ISS for the first time – SpaceNews

Starliner docks with ISS for the first time – SpaceNews

Free Last-Day-of-School Printables

Free Last-Day-of-School Printables

Starliner docks with ISS for the first time – SpaceNews

Starliner docks with ISS for the first time – SpaceNews

Ozzy Osbourne, 73, is seen leaving Milk Studios in Los Angeles… after daughter escaped fire – Daily Mail

Ozzy Osbourne, 73, is seen leaving Milk Studios in Los Angeles… after daughter escaped fire – Daily Mail

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....