Akshata Murty may have avoided up to £20m in tax with non-dom status
The Guardian says Rishi Sunak’s wife has potentially avoided up to £20m in UK tax by being non-domiciled and pays £30,000 a year to keep the status – revelations that come amid growing political pressure on the chancellor.
Akshata Murty gets about £11.5m a year in dividends from a stake in an Indian IT firm and declares non-dom status, which allows people to avoid tax on foreign earnings, it emerged on Wednesday.
On Thursday her spokesperson said all necessary tax was paid by Murty but declined to say where, as that information was not “relevant”. They conceded it was possible for someone in the multimillionaire’s position to take advantage of tax havens on income earned outside the UK.
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