THE GUARDIAN – AN EXTRACT: Chancellor accused of ‘breathtaking hypocrisy’ …
Chancellor must ‘lead by example’
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Akshata Murty, the chancellor’s wife, has potentially avoided up to £20m in UK tax by being non-domiciled, leading to Labour accusations of “breathtaking hypocrisy” against Rishi Sunak. The heiress has collected about 5.4bn Indian rupees (£54.5m) in dividends from Infosys, the India-based IT business founded by her father, over the past seven-and-a-half years, the period for which there is public data. Non-dom status for that whole period could have saved her about £20m in UK taxes.
The furore risks further damaging Sunak’s public image already battered by a mini-budget forecast to lead to the biggest drop in living standards since records began in the 1950s. » | Graham Russell | Guardian morning briefing | Friday, April 8, 2022
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