Akshata Murthy, the wife of British finance minister Rishi Sunak, said on Friday that she would stop avoiding British tax on her foreign income - bowing to pressure which her husband had earlier dismissed as a political smear.
Murthy is the daughter one of the founders of Indian IT giant Infosys and owns about 0.9 per cent of the company - entitling her to a dividend payment worth 11.6 million pounds last year. Murthy said her previous tax arrangements were"entirely legal", and that she would continue to claim India, not Britain, as her domicile. Sunak previously said she intends to return to India to care for her parents when they become infirm.
Earlier on Friday, Sunak said in an interview that his wife's financial investments were separate from his, and that questions about his father-in-law's wealth and his wife's tax arrangements were politically motivated attempts to damage him.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: STForeignDesk - 🏆 4. / 71 Read more »