than any wrong doing, isn t it? yes, i than any wrong doing, isn t it? yes, i certainly. than any wrong doing, isn t it? yes, i certainly. as than any wrong doing, isn t it? yes, i certainly, as is than any wrong doing, isn t it? yes, i certainly, as is often than any wrong doing, isn t it? yes, i certainly, as is often the than any wrong doing, isn t it? yes i certainly, as is often the case in politics, it is more about perception than reality, it is not a question of wrong doing, but 2a hours ago, much of the workforce, small businesses, large businesses, self employed people, were faced with a tax rise, a national insurance increase. the health and social care act levy, as the government would call it. but people were noticing higher taxes in their pay packets this month. and within 24 pay packets this month. and within 2a hours of that tax rise being imposed, the spotlight moved on to the tax affairs of rishi sunak, the chancellor s family. in particular, effectively this
as the government would call it. but certainly, people were noticing higher taxes in their pay packets this month. and within 24 hours of that tax rise being imposed, the spotlight has moved on to the tax affairs of rishi sunak, the chancellor s family. in particular, effectively, this question of non dom status, as we call it non domiciled for tax purposes. in the case of his wife, miss murthy, her spokeswoman makes it very clear that she was born in india, herfather was born in india. and if you look at the tax rules of this country, then it says that usually, your domicile is where your father was born. so, it s perfectly legitimate for her to have this tax status. now, what does that mean in practice? it means that she wouldn t pay, for example, tax on dividends from the company which she has a share, infosys. the it company founded by her father.
holds a 0.93% stake in that, the kind of net worth she has at this point. while another member of the family has stepped down from the company, he is part of the board. and that is what the family business largely is and the income comes from there. ~ ., ., , largely is and the income comes from there. ~ . . , ., there. what tax rules govern citizens in there. what tax rules govern citizens in india? there. what tax rules govern citizens in india? as - there. what tax rules govern citizens in india? as an - there. what tax rules govern | citizens in india? as an indian citizens in india? as an indian citizen who citizens in india? as an indian citizen who is citizens in india? as an indian citizen who is fully citizens in india? as an indian citizen who is fully residing i citizens in india? as an indian citizen who is fully residing in | citizen who is fully residing in india for the whole year, the taxes you india for the whole year, the taxes y°u pay india for the whole y
he s been called dishy rishi . the chancellor and his wife, akshata murthy, are both millionaires. when he became a minister, he declared the fact she s a non dom to officials that now its public, so is the shine coming off? the chancellor s been very honest, very clear and she is, after all, a private citizen, she s not a politician and i think her affairs were completely transparent. and, as you say, there s no hint of any wrongdoing at all. under uk tax rules, when you re resident here, all your worldwide earnings are taxable in the uk but so called are taxable in the uk, but so called non doms do not have to pay uk tax on foreign income. to claim the benefits of the status, a uk resident has to declare their permanent home is elsewhere. they must not have a settled long term commitment to stay here and do still have to pay tax on all their uk earnings. she will have taken the position, she was domiciled in india,
she s not a politician and i think her affairs were completely transparent. and, as you say, there s no hint of any wrongdoing at all. under uk tax rules, when you re resident here, all your worldwide earnings are taxable in the uk, but so called non doms do not have to pay uk tax on foreign income. to claim the benefits of the status, a uk resident has to declare their permanent home is elsewhere. they must not have a settled long term commitment to stay here and do still have to pay tax on all their uk earnings. she will have taken the position, she was domiciled in india, which may be a reasonable position, but then she made an active choice to claim the remittance basis, which means she s taxed only on money she brings into the uk, not on profits, income gains outside the uk, and that was a choice. it s a choice that could prove damaging for him. he s in charge of all our taxes, just put them up this week, and has been criticised for not