Rishi Sunak

Was it established that she actually pays tax in India though? Because all of the statements I read were the sort of vaguely-worded guff that people put out when their profits are actually based in some tax haven.
Well it’s revenue (dividends) based in India so if she doesn’t, that’s a matter for the Indian tax authorities. Neither she nor Rishi tried to do or did anything unscrupulous or remotely on the wrong side of U.K. tax law.

She has lived in the U.K. since 2013, if she’s still here in 2028 then she will be deemed domicile and then liable to pay U.K. tax on her worldwide earnings. But in no way is she U.K. domiciled at this point.
 
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I am a left wing voter but I accept that its best for me and mine if he can do what needs to be done. I honestly think he has too little time and doesn't really have 100% support of his party to be effective. I am kinda torn between wanting him to fail and wanting a good outcome for the country. I honestly think that he will be hamstrung from within to make a proper difference - I will get what I want but left with a mountain to climb. No way is anything looking a good result

Based on the starting point we have, the best he can do for us at the moment is steady the ship and restore some confidence in the financial market. However, if he were successful in implementing his own policies in the long term, I doubt that would be a good outcome for the country. I'm sure it would be a great outcome for the 1% though. It would just be a continuation of the redistribution of wealth we've seen from the poor to the rich under Tory rule.
 
I'm torn on this. Sunak is the guy that supported austerity, pissed £16bn on fraudulent furlough claims, was an integral part of the worst government ever seen (well until Truss's), Is a multimillionaire with questionable tax arrangements who as chancellor presided in a boom growth in food banks.
On the other side, compared to others he is 'an adult in the room' and I believe he and CHunt will reassure the markets and buy time.
The sooner we get rid of these bastards the better though.
 
Another out of touch millionaire to lead us, this is the man that lost to liz truss.
Lost to liz truss

We we could have a GE and have another out of touch Millionaire of the Red persuasion in charge (Starmer is worth £7.7m) - have we ever had a leader who was not an "out of touch millionaire" - even the lefts darling Corbyn is worth £3m, Sturgeon up in Scotland is £1.5m.

Whoever we have leading will always be an out of touch millionaire, could be worse we could be USA and would change to billionaire
 
I'm torn on this. Sunak is the guy that supported austerity, pissed £16bn on fraudulent furlough claims, was an integral part of the worst government ever seen (well until Truss's), Is a multimillionaire with questionable tax arrangements who as chancellor presided in a boom growth in food banks.
On the other side, compared to others he is 'an adult in the room' and I believe he and CHunt will reassure the markets and buy time.
The sooner we get rid of these bastards the better though.

£16 billion that went down the plug hole could have made a bit of difference to that £40 billion required to balance the books at the moment. Compared to Truss he is a lot more safer pair of hands, he told her what would happen with her economic plan 2 months ago, I didn’t expect it to go this spectacularly bad and so quickly.
 
Based on the starting point we have, the best he can do for us at the moment is steady the ship and restore some confidence in the financial market. However, if he were successful in implementing his own policies in the long term, I doubt that would be a good outcome for the country. I'm sure it would be a great outcome for the 1% though. It would just be a continuation of the redistribution of wealth we've seen from the poor to the rich under Tory rule.
I would argue, irrespective of his starting position, his priority should be to ensure no one goes hungry or cold over the next six months.
 
We we could have a GE and have another out of touch Millionaire of the Red persuasion in charge (Starmer is worth £7.7m) - have we ever had a leader who was not an "out of touch millionaire" - even the lefts darling Corbyn is worth £3m, Sturgeon up in Scotland is £1.5m.

Whoever we have leading will always be an out of touch millionaire, could be worse we could be USA and would change to billionaire
Are they millionaires in the sense that we think of a millionaire though, or do they just have a house in London?
 
Another out of touch millionaire to lead us, this is the man that lost to liz truss.
Lost to liz truss
I don't know about you, but if I lost a contest in which the judges were Tory members, I'd consider that a sign that I'm probably pretty competent. Like losing a "most likeable player" contest voted for by Liverpool fans.
 
We'll have to wait and see who is in his cabinet, but the one saving grace about Sunak, if that's the right way to look at things, is he isn't a member of the ERG.

The Tufton Street mob, and it's not just the ERG, but the Tax Payers Alliance, The Centre for Policy Studies, Global Warming Foundation, and numerous other extreme right wing groups with reasonable sounding names all gathered in the same location, have promoted their thoughts on how the country should be run for many years.

Liz Truss and Kwasi Kwartang are members of the ERG, and together with other contributors, Dominic Rabb and Priti Patel among others, published a book 10 years or so ago titled Britannia Unchained, whereby they laid out thier vision for the UK.

It wasn't very complimenatery about the average UK worker, but what they aspired to was a low tax, small state country, free from employment, consumer, and environmental protections. A companies primary objective should be to the shareholders, not society, and the market, not legislation, should determine everything.

Other ERG members of the tory party, such as Jacob Reese-Mogg and Mark Francois, aided and abetted over the years by the right wing media telling their lies about about our membership of the EU, such as banning prawn cocktail crisps and bent bananas, have been pivotal over the years in wanting us to exit the EU because we had lost our sovereignty.

Many believed it, and any critcism of their thinking was decried as project fear.

Thier ideology couldn't be achieved while we were members of the EU.

The ERG politicians are a powerful force behind the scenes in Westminster, and they had wanted stooges for their ideology in positions of power for many years. They achieved that with Truss and Kwartang becoming Prime Minister and Chancellor of the Exchequer. Two members of the ERG, surrounded by other members of the ERG, such as Penny Maudaunt, and Kwartang launched his mini budget, widely proclaimed by the right wing press at the time as a 'Tory Budget'.

Their adolescent grasp of ecomomics, built up over many decades by listening to lectures and reading papers written by right wing nut jobs, was put into practice, and the result was a tanking of the economy.

No advice was sought from any quarter, be it from the OBR or any other source, and Truss sacked the most senior advisor from the Treasury before they embarked on their financial experiment that was doomed to fail from the start. Every right thinking economist would have told them trickle down economics doesn't work, never has, and her growth, growth, growth mantra was a total fantasy.

I personally couldn't give a stuff what actions Truss took to try and save her skin. We will all be paying a heavy price for their collective idiocy, and the two of them, backed by the ERG MP's, have collectively stuffed our finances for decades.

One thing that won't change in all of this, though, is it will still be the poorest and most vulnerable that will suffer the most as austerity Mk 2 takes hold and the tories look after their own.

The next election can't come soon enough for me so we can boot out the most devisive, incompetant and ruinous government this country has ever experinced.

Just one last thing.

It won't be their fault!
That (sadly) is an excellent summation of the situation we find ourselves in.
 
Well it’s revenue (dividends) based in India so if she doesn’t, that’s a matter for the Indian tax authorities. Neither she nor Rishi tried to do or did anything unscrupulous or remotely on the wrong side of U.K. tax law.

She has lived in the U.K. since 2013, if she’s still here in 2028 then she will be deemed domicile and then liable to pay U.K. tax on her worldwide earnings. But in no way is she U.K. domiciled at this point.

It had nothing to do with legality, it had everything to do with Sunak raising taxes on everyone else at the time and his wife worth millions not paying a penny.

It was basic politics, and Sunak not realising that he and his wife were going to get battered over it, and even trying to defend it, was absurd.
 
I would argue, irrespective of his starting position, his priority should be to ensure no one goes hungry or cold over the next six months.
Of course it should be. Apols if I phrased it badly. My point is more that I think I think people are going to be severely disappointed if they think Rishi Sunak is arsed about tackling poverty, making housing more affordable and improving public services. The only favourable knock on effect of a "successful" Rishi Sunak for the average person is that those who are facing an unmanageable jump in their mortgage repayments might see a slight improvement in their situation (though I'm not sure a mortgage is even in reach of the average person anymore). But until the Tories are out, there's v little to be optimistic about.
 
We we could have a GE and have another out of touch Millionaire of the Red persuasion in charge (Starmer is worth £7.7m) - have we ever had a leader who was not an "out of touch millionaire" - even the lefts darling Corbyn is worth £3m, Sturgeon up in Scotland is £1.5m.

Whoever we have leading will always be an out of touch millionaire, could be worse we could be USA and would change to billionaire

I don't want this post to appear patronizing, but I'd be worried if our PM wasn't a millionaire.

If you have a decade-spanning career earning hundreds of thousands of £s, yet aren't a millionaire, then I'd suggest you're financially negligent and probably shouldn't be running a country.

Now there's a difference between being worth <£10m compared with being worth >£500m due to family wealth and inheritance.
 
It had nothing to do with legality, it had everything to do with Sunak raising taxes on everyone else at the time and his wife worth millions not paying a penny.

It was basic politics, and Sunak not realising that he and his wife were going to get battered over it, and even trying to defend it, was absurd.
She was not paying a penny on income derived outside the U.K. (as long as it wasn’t remitted into the U.K.) and he was absolutely right to defend it.

As an advisor to both Doms and non-Doms, it’s an absolute non-issue. She isn’t U.K. domiciled and won’t be considered deemed domicile until at least 2028/29.

Rishi raising taxes for U.K. taxpayers is exactly what Labour would also do and is a result of the massive policies to stop people going to the wall during covid, at some point people have to realise that money needs paying back.

Rishi’s wife also doesn’t “not pay a penny” in U.K. tax. She pays full U.K. tax on all U.K. derived income and pays an additional £30,000 pa in non-Dom remittance tax.

As an example, Pep is a non-Dom. He pays only U.K. tax on U.K. derived income. If he earns money in Abu Dhabi then he will pay tax on that income in Spain. Same with any non-U.K. domiciled person currently living in the U.K. It’s not some weird loop hole only used by shady business people or politicians. It’s a fundamental rule which avoids double taxation of individuals who live in places different to their ‘forever homes’.
 
He’s got less charisma than the lettuce
We’ve tried having a prime minister with nothing but charisma. It didn’t work out too well.

We replaced him with a prototypal political bot. That didn’t work out too well either.

Now we have another prime minister who looked dead behind the eyes whilst delivering his coronation speech yesterday. He also has the charisma of a marrow.

Opinions, hey?
 
She was not paying a penny on income derived outside the U.K. (as long as it wasn’t remitted into the U.K.) and he was absolutely right to defend it.

As an advisor to both Doms and non-Doms, it’s an absolute non-issue. She isn’t U.K. domiciled and won’t be considered deemed domicile until at least 2028/29.

Rishi raising taxes for U.K. taxpayers is exactly what Labour would also do and is a result of the massive policies to stop people going to the wall during covid, at some point people have to realise that money needs paying back.

Rishi’s wife also doesn’t “not pay a penny” in U.K. tax. She pays full U.K. tax on all U.K. derived income and pays an additional £30,000 pa in non-Dom remittance tax.

As an example, Pep is a non-Dom. He pays only U.K. tax on U.K. derived income. If he earns money in Abu Dhabi then he will pay tax on that income in Spain. Same with any non-U.K. domiciled person currently living in the U.K. It’s not some weird loop hole only used by shady business people or politicians. It’s a fundamental rule which avoids double taxation of individuals who live in places different to their ‘forever homes’.

Pep is an economic migrant, Rishi's wife is not.
 

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