Rishi Sunak, the UK Finance Minister and son-in-law of Infosys company owner Narayana Murthy, has got a big relief in the tax dispute. The government’s internal investigation has found that they have not violated any rules and regulations and have followed all policy norms. After allegations of tax dispute, Rishi Sunak himself had asked the advisor related to the code of conduct of the ministers to review whether he had violated any code of conduct. In fact, a political dispute arose over the financial transactions of his family and there was a demand for his resignation.
The British Government’s Ethics Adviser said on Wednesday that he had investigated Sunak’s family tax matters and found that Finance Minister Rishi Sunak had not broken any of the policy norms set for ministers. The finance minister himself asked the Ethics Committee advisor Christopher Gide to examine his financial affairs on the basis of standards for ministers. Gide wrote, I was asked to investigate the Chancellor on the basis of the Ethics Code for Ministers. I found in the investigation that they have fulfilled all the obligations and accountability.
Gide found that there was no conflict of interest with Rishi Sunak being a resident green card holder with permanent US citizenship, as he had already given it up. Sunak had written to British Prime Minister Boris Johnson requesting him to review the asset and interest declarations made when he became minister in 2018.
There were reports that Sunak’s rich Indian wife’s non-domicile tax status in Britain has benefited her a lot. Due to this, a political whirlwind had arisen in Britain. It was said in the allegations, when the tax burden was being increased on people in Britain, then his wife was saving tax on her earnings abroad.
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