Letter to the Editor: Linking a chancellor’s wife and Labour’s rich donors
Miles Dean, Head of International Tax, explains that the highly politicised “non-dom” tax status is not a “loophole”, in the Financial Times.
Miles’ letter was published in the Financial Times, 29 April 2022, and can be found here.
“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. Mrs Sunak has used the rules as they are intended to be used. That she’s wealthy and her husband is an MP seems to disqualify her in the eyes of the rabid left from using the rules.
“Mr Sunak has been an MP since 2015 but has only been chancellor for a couple of years. The prior incandescent rage over the fact that Mrs Sunak is the wife of the chancellor is a little misplaced.
“Labour has said many times previously that they plan to scrap the “non-dom” regime, yet they neglect to mention that they themselves have benefited from money donated to the party by “non-doms” – Sir Ronald Cohen, Lakshmi Mittal and Lord Noon, to name but a few.
“Perhaps this time they’ll follow through if they win the next election. But they’ll need more than these personal attacks to win – they need actual policies!”