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Critics and questions are mounting against the British finance minister and his wife, Rishi Sunak and Akshata Murthy for their financial arrangements. The opposition underscores the “ethical” issues he has raised, at a time when British households are crumbling under inflation and multiple tax hikes.
Widespread revelations about millions saved in taxes by Akshata Murthy, then related to the American “green card” that Rishi Sunak held until last year, have damaged the minister’s reputation.
“At a time when the chancellor is asking people to pay so much tax… of course the public expects the minister’s family to be affected in the same way as everyone else”Labor MP Yvette Cooper points to the BBC on Sunday, 10 April.
Akshata Murthy, Rishi Sunak’s wealthy Indian wife, enjoys “non-resident” status in Britain, even though she lives in London. This allows him to avoid paying tax on his foreign income to the British tax authorities. After criticism, he announced to give up this benefit on Friday.
The finance minister is also being criticized for his lack of transparency, after admitting that until last year he had an American “green card” that gave him permanent resident status in the United States. According to the newspaper, his name also appears in trusts in the British Virgin Islands and the Cayman Islands, two tax havens. Independent,
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