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When Rishi Sunak was elected a Yorkshire MP  he was a "Green Card" holder which required him to be a permanent resident of the USA and had been granted authorization to live and work in the United States on a permanent basis."

He kept his USA 'Green Card' until last October, that is about 10 years after he registered that his permanent address was in Yorkshire.

 

Why did he keep his 'Green Card'?

Did he pay tax at a much lower rate in the USA?

Why did he not tell his Yorkshire constituents of his 'permanent' American residence?

My information is that there are very good financial reasons for keeping a US 'Green Card' if you can get hold of one.

Fulbright scholars, visiting students and interns are not permitted a 'Green Card' as they are not entitled to permanent residence. They have Visa which specifically denies them this right. They can work and are required to pay tax on all income and prove it on departure. On arrival in the UK you can use this paperwork to reduce your UK tax.

 

 

 

 

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2 minutes ago, hackey lad said:

He did . He criticised Thornberry and Abbot . I understand your dislike of Johnson/Tories but what you posted is petty 

 

Okay, maybe his criticism of Emily Thornberry as Lady Nugee in the HoC was petty; but he joined in the criticism of Diane Abbott which gained a hell of a lot of traction in the media, and on this forum. She was being a hypocrite. To say that her son was merely 'collateral damage' in that misses the point completely. 

Sunak and his wife are a household, just like lots of other couples are regarded households for tax purposes. 

 

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29 minutes ago, carosio said:

I meant a free, unfettered choice for everyone. Having an ISA gives anyone a choice not to pay tax .on savings and investments.

You may not have a choice of where you pay tax which can reduce your tax burden considerably.

You may not have the £100 000 in savings that you would need to benefit from the Tax Free ISA(you don't pay tax on your first £1000 of interest).

If you have an ISA you are losing money- unlike the Sunaks.

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11 minutes ago, Mister M said:

 

Okay, maybe his criticism of Emily Thornberry as Lady Nugee in the HoC was petty; but he joined in the criticism of Diane Abbott which gained a hell of a lot of traction in the media, and on this forum. She was being a hypocrite. To say that her son was merely 'collateral damage' in that misses the point completely. 

Sunak and his wife are a household, just like lots of other couples are regarded households for tax purposes. 

 

So it would be ok to mention Starmers wife ?

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18 minutes ago, Annie Bynnol said:

You may not have a choice of where you pay tax which can reduce your tax burden considerably.

You may not have the £100 000 in savings that you would need to benefit from the Tax Free ISA(you don't pay tax on your first £1000 of interest).

If you have an ISA you are losing money- unlike the Sunaks.

I really was thinking of share/investment ISAs. Many who took up the offer when Nigel Lawson introduced them as PEPs (later ISAs) back in 1986 are now ISA millionaires and are not required to pay any form tax on them whatsoever (except when they die); they've been expanded ever since.

Edited by carosio
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9 minutes ago, hackey lad said:

So it would be ok to mention Starmers wife ?

I suppose if she's relevant to Labour Party policy....

Irrespective of reports which suggest the origins of the Sunak's tax arrangements may have come from No 10; doesn't it display a kind of 'otherworldliness' (some say naivette or some say arrogance) on the part of Sunak, that what's come out now would never have come out. 

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