Britain's finance minister and the head of the main opposition Labour party on Monday released details of their most recent tax returns after days of controversy following the publication of the so-called Panama Papers. Finance minister George Osborne had a total taxable income of £198,738 (247,900 euros, $283,500) during the 2014/15 financial year, according to a statement from his accountants released by officials.
As well as his salary, this included £44,647 in the form of dividends from a wallpaper and fabrics company founded by his father and £33,562 in rental income from a house in London which he owns with his wife. Osborne paid income tax of £72,210 for the year. The release stated he had "no offshore interests in shares or anything else". Labour leader Jeremy Corbyn's tax return showed that he had an additional income of just £1,850 for the year - most of it payment for giving a lecture - beyond his parliamentary salary. Corbyn was, however, fined £100 by tax authorities for filing his tax return late.
Comments
Comments are closed.