- cross-posted to:
- uk_politics
- cross-posted to:
- uk_politics
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The original was posted on /r/worldnews by /u/blkaino on 2024-02-09 22:49:49.
This is the best summary I could come up with:
The prime minister published the document on Friday, showing he paid a tax bill of £508,308 in the financial year 2022-23 on overall earnings and gains of £2.23m.
According to the summary provided by Sunak’s accountants, those investments were held under a “blind management arrangement”, which meant he did not receive the gains as income but had to pay tax on them nevertheless.
A former Goldman Sachs banker and hedge fund manager, he joined one of India’s richest families when he married Akshata Murty, the daughter of Narayana, the billionaire founder of Infosys.
Sunak was criticised in April 2022 after it emerged he had held a US green card while in office – meaning he had declared himself a “permanent US resident” for tax purposes for 19 months while he was chancellor and for six years as an MP.
The prime minister and his family own several properties, including the home in his constituency of Richmond, in North Yorkshire, a Grade II-listed manor with a private lake and a new heated swimming pool.
At the moment someone who earns most of their money from their wealth – like the prime minister – pays a much lower tax rate than someone who relies on going out to work for their living.
The original article contains 612 words, the summary contains 210 words. Saved 66%. I’m a bot and I’m open source!