Rishi Sunak’s wife claims non-domicile status
The Guardian says Rishi Sunak’s multi-millionaire wife claims non-domicile status, it has emerged, which allows her to save millions of pounds in tax on dividends collected from her family’s IT business empire.
Akshata Murthy, who receives about £11.5m in annual dividends from her stake in the Indian IT services company Infosys, declares non-dom status, a scheme that allows people to avoid tax on foreign earnings.
Murthy, the daughter of Infosys’s billionaire founder, owns a 0.93% stake in the tech firm worth approximately £690m. The company’s most recent accounts suggest that Murthy’s stake would have yielded her £11.6m in dividend payments in the last tax year.
https://www.theguardian.com/politics/2022/apr/06/rishi-sunaks-wife-claims-non-domicile-status
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