Letter: Linking a chancellor’s wife and Labour’s rich donors

News

The “non-dom” tax status is not a loophole — it is a specific provision within the tax code aimed at attracting wealthy foreigners to the UK (“Labour vows to overhaul ‘outdated’ tax perk for rich”, Report, April 26).

Akshata Murty has used the rules as they were intended to be used. That the wife of the chancellor is wealthy and her husband is an MP seems to disqualify her in the eyes of the left from availing of the rules.

Rishi Sunak has been an MP since 2015 but has only been chancellor for a couple of years. The incandescent rage prompted by the revelation is a little misplaced. Labour has said many times previously that it plans to scrap the “non-dom” regime, yet it neglects to mention that it too has benefited from money donated by “non-doms” — Sir Ronald Cohen and Lakshmi Mittal to name two.

Perhaps this time Labour will follow through if it wins the next election. But the party will need more than personal attacks to win — it will need actual policies!

Miles Dean
Head of International Tax, Andersen
London EC2, UK

Articles You May Like

Top Wall Street analysts pick these dividend stocks for 2025
BlackRock quits climate change group in latest green climbdown
More mega deals on tap; mutual funds revert to inflows
US corporate bankruptcies hit 14-year high as interest rates take toll
Higher yields create ‘better-than-typical’ entry point for January reinvestment capital