Sky Blue Pete
Well-Known Member
Nothing illegal so nothing to see oh my goodness
Nothing illegal so nothing to see oh my goodnessIf she didn’t have the non dom status that she pays £30K a year to obtain she’d have paid £4.5M in tax last year on her share dividends alone. She doesn’t automatically qualify for non dom status as a foreigner anymore as she’s lived in the UK for more than 7 years in the last 9. Also worth pointing out that Sunak transferred his own business shares to his non dom wife shortly before becoming an MP so he’s also benefitting from his wife’s non dom status.
Is she fit?
If she didn’t have the non dom status that she pays £30K a year to obtain she’d have paid £4.5M in tax last year on her share dividends alone. She doesn’t automatically qualify for non dom status as a foreigner anymore as she’s lived in the UK for more than 7 years in the last 9. Also worth pointing out that Sunak transferred his own business shares to his non dom wife shortly before becoming an MP so he’s also benefitting from his wife’s non dom status.
That’s when the digging needs to be completedMy understanding is that she’d have to pay that dividend tax in another country though. The question is which country
That’s when the digging needs to be completed
Not according to reporting that came out last night. Presumably she has the dividends paid to the UK so therefore would be liable for the the tax (circa 45% I believe) if she didn’t pay the £30K a year to maintain her non dom status.My understanding is that she’d have to pay that dividend tax in another country though. The question is which country
There's definitely something appealing about the billionnairess
On a side note, it's slightly bizarre he ends up chancellor really. Seemingly he declared everything, so people knew and, whether legal or not, surely they knew it wouldn't be a good look whenever it did come out?!?If it’s the wrong answer though, I think his PM (and possibly even his chancellor) ambitions are fucked
Equally could argue that someone who is worth hundreds of millions doesn't need to work, I wouldn't and doubt many would, but clearly someone who puts that shift in to want to do well and for the greater good. Whether he achieves that in everyone's eyes is probably a different discussion, but basically a decent bloke who the press have some agenda agsinst and are consistently trying to discredit him at the moment.
Also loving the criticism he gets above for raising taxes though by people who traditionally should applaud it but instead use it as a stick to beat him with.
On a side note, it's slightly bizarre he ends up chancellor really. Seemingly he declared everything, so people knew and, whether legal or not, surely they knew it wouldn't be a good look whenever it did come out?!?
Or was he Sajid Javid's recommendation, in the knowledge whenever he wanted the job of chancellor back, he knew what he could do...?
Equally could argue that someone who is worth hundreds of millions doesn't need to work, I wouldn't and doubt many would, but clearly someone who puts that shift in to want to do well and for the greater good. Whether he achieves that in everyone's eyes is probably a different discussion, but basically a decent bloke who the press have some agenda agsinst and are consistently trying to discredit him at the moment.
Also loving the criticism he gets above for raising taxes though by people who traditionally should applaud it but instead use it as a stick to beat him with.
If true, that actually makes it worse. All the reports so far have been that he did tell people early... if he didn't, that would be a game changer.Seems he never declared it...
My understanding is that she’d have to pay that dividend tax in another country though. The question is which country
oh dear oh dearSeems he never declared it...
Not according to reporting that came out last night. Presumably she has the dividends paid to the UK so therefore would be liable for the the tax (circa 45% I believe) if she didn’t pay the £30K a year to maintain her non dom status.
No comment on Rishi Sunak transferring his own shares to his non dom by choice wife?
Well quite. Some countries don’t tax dividends at all.
Seems he never declared it...
Oh mate I’m sorryGod it’s the Kimono Fox Killer now
Perhaps he will do another crowd fund for a legal case
And how does she react to a two-footed lunge?Is she fit?
This “scoop” also has been public knowledge for about 6 weeks I think so odd it’s being focused on now and not then
Sure you are correctCynics suggest No.10 have sight of an incoming Fixed Penalty Notice and getting a diversion in nice and early?
Culture war nonsense just isn't cutting it these days but a side-eye at No.11 might
I think you’re missing my point Steve. According to reports the money was paid into the UK and otherwise would have been subject to tax worth about £4.5M to the coffers. She’s volunteered to be a non dom for the price of £30K a year to avoid that tax.Im not defending either, I’m just saying without knowing all the info I’ll reserve judgement.
I’m no tax expert but my understanding is that even with the 30k you still have to pay the appropriate tax on income in the domiciled country. Obviously in a tax haven that’s next to nothing to pay, other countries more, hence my comment about waiting to see where they’re paying tax and why. If this is correct there’s articles and commentators intentionally ignoring/failing to share this fact. As I say though, maybe I’m wrong but logically I don’t think so
I’ve not seen his response regarding transfer of shares but on the face of it feels/looks bad
Cynics suggest No.10 have sight of an incoming Fixed Penalty Notice and getting a diversion in nice and early?
Culture war nonsense just isn't cutting it these days but a side-eye at No.11 might
I think you’re missing my point Steve. According to reports the money was paid into the UK and otherwise would have been subject to tax worth about £4.5M to the coffers. She’s volunteered to be a non dom for the price of £30K a year to avoid that tax.
The press hasn’t really reported on the transfer of shares yet, tomorrow’s headline probably, so he’s not been put in a position where he has to explain that yet.
so she should act differently to play a political game? Just ridiculous
An awful lot of jealousy on this thread
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