• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home News

Did the UK’s ‘Hard Brexit’ help Rishi Sunak’s wife avoid paying tax?

It doesn't take long to connect the dots. Here's how Rishi Sunak's wife allegedly benefited from the UK's decision to pursue a Hard Brexit.

Tom Head by Tom Head
2022-04-10 11:04
in News
Rishi Sunak's wife Hard Brexit

Photo: Twitter

FacebookTwitterLinkedinEmailWhatsapp

It’s fair to say the the Chancellor has endured an almighty fall from grace over the past few weeks – but we suppose that’s par for the course when you do little to help cushion the blow of a cost of living crisis, and your spouse’s questionable tax affairs come under scrutiny. In hindsight, it seems Rishi Sunak’s wife – Akshata Murthy – may have been a major beneficiary of Britain’s Hard Brexit.

Who is Rishi Sunak’s wife?

It was around five years ago that news of the EU’s proposed crackdown on tax avoidance schemes hit the headlines. In 2020, the bloc introduced a law clamping down on banks, accountants and law firms that facilitate offshore tax schemes, in order to minimise avoidance structures.

The law also takes ‘non-dom status’ into account. In the last few days, it has been revealed that Akshata Murthy used this loophole to avoid paying more tax in the UK, with some estimates saying that the scheme managed to save her £2.1 million each year.

Hard Brexit ‘took UK out of EU tax plan’

Molly Scott Cato, who served as an MEP for the South West five years ago, explained that only a Hard Brexit could exempt Britain from complying with the EU’s tax rules. Sure enough, there was nothing ‘soft’ about the UK’s exit from the European Union.

“If we go for a softer Brexit, as now seems more likely, these tax rules would apply in the UK. We call on member states to adopt the proposal as soon as possible and to scale up resources in their tax administrations.”

Molly Scott Cato

Akshata Murthy: Hard Brexit ‘possibly helped’ Rishi Sunak’s wife with tax declarations

So, with all that in mind, it perhaps becomes a little clearer why the likes of Rishi Sunak and his colleagues were all in favour of a tough, uncompromising exit strategy from the EU – something the former Director of Communications for Labour also picked up on…

Worth remembering that one of the reasons the Sovereign Individuals like @RishiSunak were so keen on Brexit was that the EU was hellbent on cracking down on tax avoidance, offshore activities, and general non-dommery …

— ALASTAIR CAMPBELL (@campbellclaret) April 8, 2022

RelatedPosts

PM broke City Hall rules as he is accused of watering down ministerial code

Campaigners battling to save 100-year-old tree from being chopped down – by guarding it day and night

Devil in detail? Windfall tax directly contradicts government’s green commitment

Watch: Texas congressman blames school massacres on ‘rap music’

Tags: BrexitfeaturedheadlineRishi Sunak

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Lotto Results LIVE for Saturday 19 June 2021 winning numbers

Rory Stewart: I wasn’t always honest as a politician

Lucky Numbers and Horoscopes for today, 25 November 2021

Conservative MPs voice frustration over actions of Dominic Cummings

More than £1m spent on private hire cars by Department for Education

Your Dream Rural Retreat for £50,000

Chicken, Spinach, Tomato Pasta in Garlic Cream Sauce

‘Redress this imbalance’ – London’s green spaces get a quarter of lottery heritage funding

Never has an 80-seat majority looked so slim

Reactions as Greta Thunberg shows killer sense of humour about ‘shrinking penis’ pollution concerns

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.