AIRLINK 74.85 Increased By ▲ 0.56 (0.75%)
BOP 4.98 Increased By ▲ 0.03 (0.61%)
CNERGY 4.49 Increased By ▲ 0.12 (2.75%)
DFML 40.00 Increased By ▲ 1.20 (3.09%)
DGKC 86.35 Increased By ▲ 1.53 (1.8%)
FCCL 21.36 Increased By ▲ 0.15 (0.71%)
FFBL 33.85 Decreased By ▼ -0.27 (-0.79%)
FFL 9.72 Increased By ▲ 0.02 (0.21%)
GGL 10.45 Increased By ▲ 0.03 (0.29%)
HBL 112.74 Decreased By ▼ -0.26 (-0.23%)
HUBC 137.44 Increased By ▲ 1.24 (0.91%)
HUMNL 11.42 Decreased By ▼ -0.48 (-4.03%)
KEL 5.28 Increased By ▲ 0.57 (12.1%)
KOSM 4.63 Increased By ▲ 0.19 (4.28%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 139.50 Increased By ▲ 3.30 (2.42%)
PAEL 25.61 Increased By ▲ 0.51 (2.03%)
PIAA 20.68 Increased By ▲ 1.44 (7.48%)
PIBTL 6.80 Increased By ▲ 0.09 (1.34%)
PPL 122.20 Increased By ▲ 0.10 (0.08%)
PRL 26.58 Decreased By ▼ -0.07 (-0.26%)
PTC 14.05 Increased By ▲ 0.12 (0.86%)
SEARL 58.98 Increased By ▲ 1.76 (3.08%)
SNGP 68.95 Increased By ▲ 1.35 (2%)
SSGC 10.30 Increased By ▲ 0.05 (0.49%)
TELE 8.38 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.06 Decreased By ▼ -0.07 (-0.63%)
TRG 64.19 Increased By ▲ 1.38 (2.2%)
UNITY 26.55 Increased By ▲ 0.05 (0.19%)
WTL 1.45 Increased By ▲ 0.10 (7.41%)
BR100 7,841 Increased By 30.9 (0.4%)
BR30 25,465 Increased By 315.4 (1.25%)
KSE100 75,114 Increased By 157.8 (0.21%)
KSE30 24,114 Increased By 30.8 (0.13%)

British finance minister Rishi Sunak defended his wife over her UK tax status, saying that every penny owed in the country is paid, The Sun reported late on Thursday.

"Every single penny that she earns in the UK she pays UK taxes on, of course she does," The Sun cited Sunak as saying. "And every penny that she earns internationally, for example in India, she would pay the full taxes on that."

Sunak is married to Akshata Murthy, the daughter of Narayana Murthy, the billionaire co-founder of IT services company Infosys. She owns around 0.93% of the firm.

Her spokeswoman confirmed late Wednesday - the day that social security contributions rose for UK workers and employers - that Murthy is treated as non-domiciled for UK tax purposes, meaning she would not pay taxes in Britain on dividends from the Indian business.

Indian IT giant plays down Russia ties after UK finance chief grilled

Sunak said in the interview that his wife was domiciled in India and had never based herself anywhere else offshore.

Rejecting claims of tax avoidance, Sunak said non-domiciled status had been tarnished by some British-born people who have attempted to use it to dodge tax.

Non-dom status exempts more than 75,000 mostly foreign nationals in Britain from tax on overseas income and has been a target for tax campaigners as it overwhelmingly benefits the very rich. read more

Sunak, who has seen his personal poll ratings plunge, is facing challenges on many fronts, with public finances stretched thin and the tax burden due to reach its highest since the 1940s.

Comments

Comments are closed.