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Rishi Sunak offers himself for independent review amid UK tax row

Associated Press
Updated: April 11th, 2022, 19:33 IST
in National
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Rishi-Akshata

Rishi Sunak and his wife Akshata Murty

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London: UK Chancellor of the Exchequer Rishi Sunak has written to his boss, Boris Johnson, to be referred to one of the British Prime Minister’s independent advisers to review all his ministerial declarations of interest amid a row around his family’s tax affairs. Rishi Sunak, the Indian-origin finance minister has been fighting back attacks over wife Akshata Murty’s tax arrangements in India and also Opposition allegations around his own finances. He said in a Twitter post Sunday that he is confident the independent review by House of Lords peer Christopher Geidt, the Independent Adviser on Ministers’ Interests, will provide ‘further clarity’.

Prime Minister Johnson formally accepted the request Monday. He has asked Lord Geidt to open an inquiry, which can take months to complete.

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“I can confirm that the Prime Minister has agreed to the request from the Chancellor Sunak for Lord Geidt to undertake this work,” the UK PM’s official spokesperson told reporters. Asked if Johnson continues to have full confidence in Sundak, , the spokesperson added: “He does. I think as he said Friday, ‘he is doing an outstanding job’.”

Sunak, 41, in his letter to Johnson,stated that he wants to work with Lord Geidt’s office and provide all relevant information required in light of recent speculation surrounding his declarations, which are required of all ministers.

Also read: My wife loves India: UK Chancellor Rishi Sunak fights back on tax row

“My overriding concern is that the public retain confidence in the answers they are given. I believe the best way of achieving this is to ensure those answers are entirely independent, without bias or favour,” Sunak stated.

“To that end I would recommend that Lord Geidt makes all his conclusions public. I am confident that such a review of my declarations will find all relevant information was appropriately declared. I have throughout my ministerial career followed the advice of officials regarding matters of propriety and disclosure and will continue to do so,” asserted Sunak.

The Opposition Labour Party has also written to 10 Downing Street asking for an investigation into a ‘series of troubling revelations regarding the tax status and business connections of the Chancellor and his household’.

Last week, Sunak had vehemently defended the non-domicile status of his wife, the daughter of Infosys co-founder Narayana Murthy, which meant she was not legally bound to pay tax on her Indian income in the UK.

Akshata Murty has since announced that she would be paying all her taxes in the UK to avoid the issue becoming a ‘distraction’ for her husband’s political career.

It was followed by revelations around Sunak’s US Green Card, which he reportedly relinquished last year. The document entitled the British minister to permanent residency in the US as well as making him liable to file a tax return there.

Sunak’s spokesperson stressed that he followed all guidance and continued to file US tax returns, but specifically as a non-resident, in full compliance with the law.

The financial arrangements of Sunak and his wealthy family have been dominating headlines for days, with the Opposition alleging a lack of transparency at a time when the British public is faced with a rising tax bill as a result of the government’s Budget.

Meanwhile, there is also media speculation around Sunak’s wife and their daughters Krishna and Anoushka moving out of the 11 Downing Street government residence to be permanently based at their family home in west London.

While the move was expected for some time for the family to be closer to Krishna’s school in the area, the shift may have been hastened by the storm around the Akshata’s tax affairs.

Sunak will reportedly spend most working days at Downing Street and join his family at the Kensington home on holidays and weekends.

 

Tags: Akshata MurtyBoris JohnsonFinance MinisterGreen cardRishi SunakTaxUKUS
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