THE GUARDIAN: Shadow chancellor says it ‘isn’t right that those at the top benefit from outdated tax perks’
The Labour party has vowed to abolish the “non-dom” tax loophole used by the chancellor Rishi Sunak’s wife to save paying up to £20m in UK tax.
Rachel Reeves, the shadow chancellor, said it “simply isn’t right that those at the top can benefit from outdated non-dom tax perks” while ordinary people struggle with tax rises and the cost of living crisis.
Reeves on Monday said Labour was sending “a clear message” to the global super-rich: “If you make your home in Britain you should pay tax here – on all of your income.”
Labour’s pledge follows the revelation that Sunak’s billionaire heiress wife, Akshata Murty, had been registered as a non-domiciled person for nine years and was paying an annual levy in order to shelter her foreign income from HMRC.
The status meant she could legally avoid UK tax on annual dividends worth millions, which she collected from her family’s IT business empire. » | Rupert Neate, Wealth correspondent | Monday, April 25, 2022
Senior Cabinet Office director Anand Aithal has non-dom status: Revelation is likely to lead to further questions about the criteria for holding the favourable tax status »
