Rishi Sunak

[Corky]

The problem is his wife has mirror rights if she lives here as soon as they get married, is classed as Habitually Resident and would get full assistance from the state if needed. The laws and loopholes are out of kilter.

 

[west didsblue]

Starmer wasn't a criminal barrister.

According to Wikipedia he practised predominantly in criminal defence work after being called to the bar.

 

[Mr Kobayashi]

Again you’re failing to grasp the important fact. SHE DOES play by the same rules. She is a U.K. taxpayer on all of her U.K. earnings which is probably considerably more than you and I put together and then increase that number by ten. As a U.K. taxpayer, she is subject to exactly the same tax regimes as anyone else on their U.K. income.

People get upset about this subject for the simple reason that they don’t understand it. We’ve already had people in this thread state she doesn’t pay a penny in tax when it’s likely she’s already paid more than many of us will pay in a lifetime (rightly so as her U.K. income is huge) but “non-Dom” isn’t some vague loophole. It’s a legal definition and only stops her paying tax on foreign income. (That’s ignoring the fact she’s since decided to pay U.K. tax on that income - which is stupid in my opinion but is obviously to stop these arguments made by people that don’t understand relatively simple tax rules)

So they understand @BobKowalski's point better than you? ;)

 

[bluenova]

Domicile is one’s forever home and is inherited from one’s father as I’ve already stated. It is incredibly difficult to change one’s domicile.

A US Greencard holder must pay US tax on worldwide earnings. It does anything other than reduce one’s personal tax burden. The U.K. and US also has a double taxation agreement where tax isn’t paid on the same earnings in two jurisdictions but that’s by the by.

I’m going to try my best and dip out of this conversation now as I’m not charging any of you for this and I’m feeling shortchanged having to discuss this rather dull subject without then sending an invoice. :-)

I didn't say it was entirely tax planning - it was clearly about keeping their options open.

I think many people would say that if you want to be Prime Minister, you go all in, even if it's difficult.

 

[BobKowalski]

...

People get upset about this subject for the simple reason that they don’t understand it. We’ve already had people in this thread state she doesn’t pay a penny in tax when it’s likely she’s already paid more than many of us will pay in a lifetime (rightly so as her U.K. income is huge) but “non-Dom” isn’t some vague loophole. It’s a legal definition and only stops her paying tax on foreign income. (That’s ignoring the fact she’s since decided to pay U.K. tax on that income - which is stupid in my opinion but is obviously to stop these arguments made by people that don’t understand relatively simple tax rules)

Yes. That is my point. For the average Joe it looks like they are been stiffed for extra money in taxes, while the wife of the Chancellor gets a free ride by paying a piddling amount via a tax dodge.

It feeds the perception that it’s one law for us poor suckers and one law for the rich and no amount of technical explanations of why it is correct and proper is changing that. In short, if we have to dig deep, then the woman worth £700 million who is married to the man raising our taxes can stump up some extra dosh as well.

It‘s not about tax laws, it’s about politics and how it looks.

 

[Mr Kobayashi]

According to Wikipedia he practised predominantly in criminal defence work after being called to the bar.

For a brief period? It says primarily practiced human rights from 1990 onwards.

 

[lazerblue]

if it doesn't work out he can always go back to his day job

 

[metalblue]

Main issue for me was the covid loans she took, if you have aspirations of becoming PM one day surely you wouldn't have given your wife tax payers money and then wrote it off.

You can rest east then. She didn’t take any covid loans.

A firm her fund invested in did, and went bust - hence “written off”. Her fund lost £400k as a consequence.

 

[west didsblue]

For a brief period? It says primarily practiced human rights from 1990 onwards.

I was only pointing out that a level of charisma is required to do the job he did and that holds true for most aspects of being a barrister, although I do know one who specialises in business and property work who has no charisma at all.

 

[Mon Autre]

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.

Not only that, but over £1m of Corbyn's net worth is tied up in the fact that he owns and lives in this house. He would be the first to say that it's totally messed up that the state of the housing market has got us to the point where you're looking at a million to live in a a house as unspectacular as that.

 

[Aba452]

General question on resignation honours. BloJo enobling mates/nutters/ hole lickers, I assume quite soon. Would lame Liz also have her own list?

The parliamentary arithmetic could get interesting. But surely the cons aren't that dumb that they'd be more susceptible to confidence votes?

As they used to say on Stingray anything could happen in the next half hour!

 

[Scottyboi]

You can rest east then. She didn’t take any covid loans.

A firm her fund invested in did, and went bust - hence “written off”. Her fund lost £400k as a consequence.

A firm she heavily invested in took a 1.3mil loan and went bust, yeah nothing dodgy about that what so ever. The firm has reopened again too.

And she invested in a Mayfair nightclub that has somehow racked up 43mil in debt and closed. Some dodgy shit going on.

 

[SWP's back]

The problem is his wife has mirror rights if she lives here as soon as they get married, is classed as Habitually Resident and would get full assistance from the state if needed. The laws and loopholes are out of kilter.

The same as anyone living, residing and working and paying tax in the U.K.

 

[metalblue]

There are plenty of things that are strictly legal, but which politically don't look good.

While Sunak was Chancellor, the second most senior politician in the country, his wife was claiming her permanent home was in India, and they also held Green Cards, a condition of which is that the US is your permanent home. That smacks of playing the system to keep your options open and your taxes down.

I think so long as voters are aware, and have the chance to decide at an election whether it's ok, then that's Sunak's choice. I do expect him to be challenged on it, however, and think that it's a legitimate question to ask a Prime Minister.

You’d have a very good point if she actually held a green card, which she didn’t.

 

[metalblue]

A firm she heavily invested in took a 1.3mil loan and went bust, yeah nothing dodgy about that what so ever. The firm has reopened again too.

And she invested in a Mayfair nightclub that has somehow racked up 43mil in debt and closed. Some dodgy shit going on.

She lost money on both those things. Maybe your pension fund invested in the same companies? Perhaps we should drag you over the same coals you seem intent on dragging this woman over.

 

[metalblue]

I didn't say it was entirely tax planning - it was clearly about keeping their options open.

I think many people would say that if you want to be Prime Minister, you go all in, even if it's difficult.

Keeping her options open?!!?? Are you actually being serious?!!!!

She had non dom status because her permanent home is India - ie she intends to return their one day which doesn’t really stretch the imagination as she’ll likely inherit a majority stake in infosys.

She didn’t pay tax on money that never arrives in the UK… why should she? Think about this logically…. She pays £20m in tax to UK government on money earned in India instead of investing that money in India or leaving it in a bank earning interest there any paying tax in to the coffers of a comparably poor country….or does social justice stop at our borders so long as we’re alright Jack? I can almost smell the hypocrisy.

 

[bluenova]

You’d have a very good point if she actually held a green card, which she didn’t.

Do you have a link for that? I know that the original reports were that "they" had Green Cards, and that he admitted it, but I hadn't seen anything where she said she didn't have one.

 

[mat]

Just got up and seen who the new PM is. Of course it's nothing to do with me as I don't live there but how can Brits be happy with having a PM who basically tried to cheat financially with his wife. Claiming Non-Dom status ?
Even if he was the best candidate.

Not just that.

Like Johnson he lied to parliament he didn't attend any lockdown parties and wrote of billions in COVID loans to his mates.

Because of our fucked up (or lacking) constitution he was chosen by 360 self serving MPs and not the country.

 

[bluenova]

Keeping her options open?!!?? Are you actually being serious?!!!!

She had non dom status because her permanent home is India - ie she intends to return their one day which doesn’t really stretch the imagination as she’ll likely inherit a majority stake in infosys.

She didn’t pay tax on money that never arrives in the UK… why should she? Think about this logically…. She pays £20m in tax to UK government on money earned in India instead of investing that money in India or leaving it in a bank earning interest there any paying tax in to the coffers of a comparably poor country….or does social justice stop at our borders so long as we’re alright Jack? I can almost smell the hypocrisy.

I think you misread the post, and so I find the insults a little offensive.

It was in response to SWP's back's post about the Green Card not being a tax saving. I replied saying it wasn't just about tax, but also "keeping their options open".

The post he'd replied to was my first on the subject and also said "That smacks of playing the system to keep your options open and your taxes down.".

So that's not saying that the green card keeps your tax down, or the non-dom keeps your options open. I'm saying that the overall picture is of a family who are thinking, "if this politics thing doesn't work out, the Green Card will come in handy".

 

[Mon Autre]

Blows my mind that people are still falling over themselves to stick up for billionaires. Seriously, find something worthwhile to care about as they honestly do not give a flying fuck about you.