Sunak defends wife's tax status, says every penny owed in UK is paid
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Sunday
August 14, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
SUNDAY, AUGUST 14, 2022
Sunak defends wife's tax status, says every penny owed in UK is paid

Europe

Reuters
08 April, 2022, 10:15 am
Last modified: 08 April, 2022, 10:19 am

Related News

  • UK PM race: Minister switches sides from Rishi Sunak to Liz Truss, says 'right person to take country forward'
  • Audi, Porsche, Kia say US EV buyers will lose tax credit under legislation
  • Cash-strapped Britons give up pets as living costs soar
  • More cash needed to save Britons from destitution in energy crisis, PM contender Sunak says
  • Drought in England, fires rage in France as heatwave persists

Sunak defends wife's tax status, says every penny owed in UK is paid

Sunak, who has seen his personal poll ratings plunge, is facing challenges on many fronts, with public finances stretched thin and the tax burden due to reach its highest since the 1940s

Reuters
08 April, 2022, 10:15 am
Last modified: 08 April, 2022, 10:19 am
British Chancellor of the Exchequer Rishi Sunak speaks at a statement on the economic update session, at the House of Commons in London, Britain March 23, 2022. UK Parliament/Jessica Taylor/Handout via REUTERS
British Chancellor of the Exchequer Rishi Sunak speaks at a statement on the economic update session, at the House of Commons in London, Britain March 23, 2022. UK Parliament/Jessica Taylor/Handout via REUTERS

British finance minister Rishi Sunak defended his wife over her UK tax status, saying that every penny owed in the country is paid, The Sun reported late on Thursday.

"Every single penny that she earns in the UK she pays UK taxes on, of course she does," The Sun cited Sunak as saying. "And every penny that she earns internationally, for example in India, she would pay the full taxes on that."

Sunak is married to Akshata Murthy, the daughter of Narayana Murthy, the billionaire co-founder of IT services company Infosys. She owns around 0.93% of the firm.

Her spokeswoman confirmed late Wednesday - the day that social security contributions rose for UK workers and employers - that Murthy is treated as non-domiciled for UK tax purposes, meaning she would not pay taxes in Britain on dividends from the Indian business.

Sunak said in the interview that his wife was domiciled in India and had never based herself anywhere else offshore.

Rejecting claims of tax avoidance, Sunak said non-domiciled status had been tarnished by some British-born people who have attempted to use it to dodge tax.

Non-dom status exempts more than 75,000 mostly foreign nationals in Britain from tax on overseas income and has been a target for tax campaigners as it overwhelmingly benefits the very rich.

Sunak, who has seen his personal poll ratings plunge, is facing challenges on many fronts, with public finances stretched thin and the tax burden due to reach its highest since the 1940s.

World+Biz

UK / Rishi Sunak / tax

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Banks limited to profit highest Tk1 per dollar
    Banks limited to profit highest Tk1 per dollar
  • From left Afzal Karim, Murshedul Kabir and Mohammad Jahangir
    Sonali, Agrani and Rupali banks get new MDs
  • Fuel prices will drop after they fall in global market: PM Hasina
    Fuel prices will drop after they fall in global market: PM Hasina

MOST VIEWED

  • The Belize-flagged general cargo ship Sormovskiy 121 is seen at the sea port in Chornomorsk after restarting grain export, amid Russia's attack on Ukraine, in Odesa region, Ukraine August 12, 2022. Press service of the Ministry of Infrastructure of Ukraine/Handout via REUTERS
    First ship carrying Ukraine wheat under UN deal docks in Turkey
  • General view of an electricity pylon near Ellesmere Port, Britain, September 27, 2021. REUTERS/Phil Noble
    Britain’s opposition Labour Party to demand energy price cap freeze
  • British Foreign Secretary Liz Truss speaks during a G7 foreign and development ministers session with guest countries and ASEAN nations on the final day of the summit in Liverpool, Britain, 12 December, 2021. PHOTO: Olivier Douliery/Pool via REUTERS
    Liz Truss 22 points ahead in race to be Britain's next, poll shows
  • Conservative leadership candidate Liz Truss speaks at a hustings event, part of the Conservative party leadership campaign, in Leeds, Britain July 28, 2022. REUTERS/Henry Nicholls
    UK PM race: Minister switches sides from Rishi Sunak to Liz Truss, says 'right person to take country forward'
  • A view shows trees and vegetation burnt by a major fire in Hostens, as wildfires continue to spread in the Gironde region of southwestern France, August 12, 2022. REUTERS/Stephane Mahe
    France halts spread of ‘monster’ wildfire, reopens highway
  • Employees stand around the turbine serviced in Canada for the Nordstream 1 natural gas pipeline in Muelheim an der Ruhr, Germany, Aug. 3, 2022. German Chancellor Olaf Scholz visited a plant by Siemens Energy where a turbine, which is at the center of a dispute between Germany and Russia over reduced gas supplies, is currently sitting in storage until it can be shipped to Russia. (Bernd Thissen/dpa via AP)
    Germans urged to cap heat in offices this winter to save gas

Related News

  • UK PM race: Minister switches sides from Rishi Sunak to Liz Truss, says 'right person to take country forward'
  • Audi, Porsche, Kia say US EV buyers will lose tax credit under legislation
  • Cash-strapped Britons give up pets as living costs soar
  • More cash needed to save Britons from destitution in energy crisis, PM contender Sunak says
  • Drought in England, fires rage in France as heatwave persists

Features

Photos: M Aminur Rahman

Mallik Ghat flower market: the biggest hub for flowers in Asia

6h | In Focus
Infigraphic: TBS

The dollar crunch chronicles

12h | Panorama
The proposed playground for disabled people has long been left to grow bushes on the premises of the National Parliament Building in the city. Photo: Noor-A-Alam

Whatever happened to the ‘promised land’ for the disabled?

10h | Panorama
Sketch: TBS

India’s 75th anniversary is one to forget

9h | Panorama

More Videos from TBS

"We got caught in the cyclone while shooting Hawa"

"We got caught in the cyclone while shooting Hawa"

Now | Videos
Get your child's Covid vaccine registration done in few easy steps

Get your child's Covid vaccine registration done in few easy steps

Now | Videos
UN expresses concern over Ukraine's Zaporizhia nuke plant

UN expresses concern over Ukraine's Zaporizhia nuke plant

1h | Videos
ADB's $9.46B coming to cover development costs

ADB's $9.46B coming to cover development costs

3h | Videos

Most Read

1
Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 
Banking

Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 

2
Photo: Collected
Transport

Will Tokyo’s traffic model solve Dhaka’s gridlocks?

3
Representational Image. Photo: Collected
Bangladesh

Air passengers should plan extra commute time to airport: DMP

4
Arrest warrant against Habib Group chairman, 4 others 
Crime

Arrest warrant against Habib Group chairman, 4 others 

5
File Photo: State Minister for Power, Energy and Mineral Resources Nasrul Hamid
Energy

All factories to remain closed once a week under rationing system

6
Ambassador of Switzerland to Bangladesh Nathalie Chuard. Photo: Courtesy
Bangladesh

Bangladesh never asked for particular info from Swiss bank: Ambassador

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net