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☆ UK ‘non-dom’ tax status, explained
▼ + stars: | 2024-03-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

“Those with the broadest shoulders should pay their fair share,” UK finance minister Jeremy Hunt told parliament Wednesday. ‘Colonial concept’The non-dom regime is an “archaic colonial concept,” which determines a person’s tax status based on their “intended” place of residence, said Arun Advani, an economics professor at the University of Warwick. The opposition Labour Party had previously said it would abolish the non-dom regime if it came to power, and spend the money raised on the National Health Service. Yui Mok/Pool/AFP/Getty ImagesMurty has since renounced those advantages, citing the “British sense of fairness” and the “distraction” her tax status posed to her husband, who was serving as the UK’s finance minister at the time. But in November 2022 Hunt defended the “non-dom” status.

Persons: Jeremy Hunt, ” Hunt, Arun Advani, Advani, Rishi Sunak, Akshata Murty, Yui Mok, Murty, Hunt, “ I’m, ” Organizations: London CNN, Britain’s Conservative, Revenue, Customs, London School of Economics, Political Science, University of Warwick, Labour Party, National Health Service, Britain's, Getty, BBC Locations: United Kingdom, Britain, India, Buckingham, London

Its cost was estimated at 33 billion pounds in 2011, but has soared to more than 100 billion pounds ($122 billion) by some estimates. Sunak said Conservative lawmakers would be given a free vote in Parliament on the smoking ban. He used the speech to give party members and voters a glimpse of the man behind his technocratic exterior. Home Secretary Suella Braverman used her conference speech to appeal to the party’s authoritarian, law-and-order wing, advocating tougher curbs on migration and a war on human rights protections and “woke” social values. “I am confident we can win,” said Balwinder Dhillon, deputy mayor of the town of Slough, west of London.

Persons: Rishi Sunak, Sunak, he's, ”, ” Sunak, Andy Burnham, ” “, Rain Newton, Smith, “, Margaret Thatcher —, Liz Truss, Akshata Murty, Suella Braverman, Balwinder Dhillon Organizations: Conservative Party, Labour Party, Leeds, Conservative, Manchester, of British Industry, Health, New, British American Tobacco, Imperial Brands, London Stock Exchange, Treasury, United, British Locations: MANCHESTER, England, Manchester, London, “, Birmingham, Midlands, North, Britain, Britain’s, New Zealand, Rwanda, United Kingdom, Slough

☆ Rishi Sunak’s Vacation: Taylor Swift and Disneyland. (The Rest is a Secret.)
▼ + stars: | 2023-08-16 | by ( Mark Landler | More About Mark Landler | ) www.nytimes.com time to read: +1 min

Just last year, Prime Minister Rishi Sunak’s political fortunes almost collapsed over his wealthy wife’s privileged tax status in Britain. Yet last week, when Mr. Sunak and his family spent a 10-day vacation at their multimillion-dollar penthouse apartment in Santa Monica, Calif., there was scarcely a peep about it in the British papers. The difference, analysts said, attests both to evolving views of Mr. Sunak, a onetime hedge fund manager who became prime minister last October, and to Downing Street’s shrewd media management of the Sunak family’s American vacation. The family stayed largely under the radar, emerging only for a carefully staged photo opportunity at an amusement park on the Santa Monica Pier, playing games on what was Mr. Sunak’s first vacation in nearly four years. He and his wife, Akshata Murty, also took their two young daughters, Krishna and Anoushka, to Disneyland, where, he said, he was excited to try a “Star Wars”-themed ride.

Persons: Rishi, Sunak, Downing, Santa Monica Pier, Sunak’s, Akshata Murty, Krishna Organizations: Santa Locations: Britain, United States, California, Santa Monica, Calif

☆ TikToker says she spotted the prime minister of the UK at her 7 a.m. Taylor Swift-themed SoulCycle class in Santa Monica
▼ + stars: | 2023-08-05 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A TikToker said she saw Rishi Sunak at a Taylor Swift-themed SoulCycle class in LA. The UK PM has previously confessed to being a Swiftie and is on vacation in Santa Monica. UK officials wouldn't be drawn on Sunak's exercise routine, but Sunak was on vacation in Santa Monica at the time described in the post. The TikToker — Hannah Harmelin — said she realized somebody important was in the class because of heavy security there. UK Prime Minister Rishi Sunak, Anoushka Sunak, Akshata Murty and Krishna Sunak at Santa Monica Pier on August 03, 2023 in Santa Monica, California.

Persons: Rishi Sunak, Taylor Swift, Santa Monica –, wouldn't, Sunak, Hannah Harmelin —, Swift, Spears, Anoushka, Akshata Murty, Krishna Sunak, Emma McIntyre, Akshata Murthy, Oppenheimer Organizations: PM, Downing, Service, LBC, Santa Monica Pier, Stanford, Infosys Locations: LA, Santa Monica, Wall, Silicon, California, Santa Monica , California, Coachella

☆ Coronation concert fit for a king
▼ + stars: | 2023-05-08 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Princess Charlotte, Prince George, the Prince of Wales, and Queen Camilla, in front of Prime Minister Rishi Sunak and Akshata Murty in the Royal Box viewing the Coronation Concert held on the grounds of Windsor Castle, Berkshire, to celebrate the...morePrincess Charlotte, Prince George, the Prince of Wales, and Queen Camilla, in front of Prime Minister Rishi Sunak and Akshata Murty in the Royal Box viewing the Coronation Concert held on the grounds of Windsor Castle, Berkshire, to celebrate the coronation of King Charles III and Queen Camilla, Sunday, May 7. Stefan Rousseau/Pool via REUTERSClose

☆ Jill Biden visits UK's Downing Street ahead of King Charles' coronation
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

[1/3] Akshata Murty, the wife of British Prime Minister Rishi Sunak meets with U.S. first lady Jill Biden at Downing Street in London, Britain May 5, 2023. REUTERS/Peter NichollsLONDON, May 5 (Reuters) - U.S. First Lady Jill Biden met British Prime Minister Rishi Sunak's wife Akshata Murty at Downing Street on Friday as she visited London to represent the United States at King Charles' coronation. Jill Biden, 71, will visit a local school on Friday afternoon along with Murty before meeting staff at the U.S. embassy and King Charles at a reception in Buckingham Palace. U.S. President Joe Biden has faced some criticism, notably from his predecessor and potential 2024 election rival Donald Trump, for skipping Charles' coronation. Biden visited Belfast and Ireland last month to commemorate the 25th anniversary of the Good Friday peace pact.

☆ Jill Biden arrives in London for the pomp and pageantry of King Charles III’s coronation
▼ + stars: | 2023-05-05 | by ( Betsy Klein | ) edition.cnn.com time to read: +3 min

CNN —First lady Dr. Jill Biden has arrived in London, where she is set to bear witness to the full pomp and pageantry of the coronation of King Charles III and Queen Consort Camilla, leading the US delegation to this weekend’s highly anticipated events. President Joe Biden spoke by phone last month with King Charles, congratulating him on his coronation as he reaffirmed the strong ties between the UK and US. As reports surfaced that President Biden would not attend the coronation, despite the expected presence of dozens of world leaders, US officials downplayed the possibility and noted that no previous US president has attended a British monarch’s coronation. The president told the king that the first lady would be attending the coronation, but made clear in the call that he plans to meet with King Charles in the future. “We really talked about the woman, and who she was, and what she meant really to the whole world,” Biden said, adding that she noted to King Charles the human toll of grief.

☆ British, Irish PMs open to Good Friday Agreement reforms when time right
▼ + stars: | 2023-04-19 | by ( Amanda Ferguson | ) www.reuters.com time to read: +2 min

REUTERS/Clodagh KilcoyneBELFAST, April 19 (Reuters) - The Irish and British prime ministers said on Wednesday that they were open to considering reforming Northern Ireland's Good Friday peace accord, but that any debate could only happen when the powersharing government underpinning it was restored. That, coupled with the rise of the Alliance party, which identifies as neither nationalist or unionist, has sparked calls for an overhaul of a political architecture that the largest unionist party, the DUP, has boycotted for more than a year. "I think it's the shared view of the British and Irish government that there is a conversation that needs to happen about reforming the Good Friday Agreement. No agreement should be set in stone forever," Varadkar told reporters after an event to mark 25 years of the peace accord. "I urge you to work with us to get Stormont (Northern Ireland's assembly) up and running again," Sunak told unionist politicians.

☆ The company that pays Akshata Murthy, wife of British PM Rishi Sunak, £11.5 million a year is still operating in Russia, report says
▼ + stars: | 2022-11-05 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Infosys, founded by Rishi Sunak's father-in-law, is still operating in Russia, The Guardian reported. The IT firm still has staff in Moscow and is paying two subcontractors, per the report. Infosys, which pays the PM's wife £11.5 million in dividends, said it would leave Russia in March. A spokesperson told The Guardian that it was seeking to end the arrangement and had taken measures to "suspend its operations in Russia". A Downing Street spokesperson told The Guardian: "Neither Akshata Murty nor any members of her family have any involvement in the operational decisions of the company."

☆ Britain's new PM is almost a billionaire — with a net worth twice that of King Charles
▼ + stars: | 2022-10-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Rishi Sunak and his wife Akshata Murty have an estimated combined wealth of £730 million ($800 million). Dan Kitwood | Getty Images News | Getty ImagesLONDON — Britain's new Prime Minister Rishi Sunak made history as the country's first leader of color and its youngest in recent centuries, taking office aged just 42. He also breaks the record for being the wealthiest-ever occupant of Downing Street — with a fortune estimated to exceed that of King Charles III. A net worth of $844 millionTogether, the couple has an estimated fortune of £730 million ($844 million), according to the Sunday Times Rich List. King Charles III welcomes Rishi Sunak during an audience at Buckingham Palace, London, where he invited the newly elected leader of the Conservative Party to become Prime Minister and form a new government.

☆ What do Indians think about Rishi Sunak’s rise? Like UK-India relations, it’s complicated
▼ + stars: | 2022-10-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +13 min

Now, an Indian-origin man has become the Prime Minister of England,” a Zee News anchor said. Leon Neal/Getty Images Sunak and Boris Johnson watch as a sheep is sheared during a visit to a farm in North Yorkshire, England, in July 2019. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022. Indian Prime Minister Narendra Modi suggested as much in a tweet welcoming Sunak’s appointment.

☆ Indians revel in Rishi Sunak’s rise to the U.K.’s top job
▼ + stars: | 2022-10-25 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +4 min

Narendra Modi, the prime minister of majority Hindu India, quickly congratulated Sunak. “Special Diwali wishes to the ‘living bridge’ of UK Indians, as we transform our historic ties into a modern partnership,” he tweeted. “The reaction is of admiration, aspiration that they could get to a similar position and happiness that one of their own has got the position,” Dogra said of the worldwide reaction among Hindus. Pedestrians walk past paintings of Britain's Prime Minister Rishi Sunak in Mumbai on Tuesday. Sunak visited different temples in London and was seen participating in a cow ritual during his losing campaign for prime minister against Liz Truss in August.

☆ Akshata Murty: Rishi Sunak’s wife is a software heiress who’s richer than royalty
▼ + stars: | 2022-10-25 | by ( Tara John | ) edition.cnn.com time to read: +6 min

And thanks largely to his wife Murty, Sunak will be one of the richest people to reach the top of the political establishment. Murty has a 0.93% stake in her father’s Indian software company, Infosys, worth approximately $715 million. Even Queen Elizabeth wasn’t as rich – the Sunday Times put the late monarch’s net worth at £370 million (about $420 million) before she died. In April, it was reported that Murty enjoyed a tax status in the UK that meant she could legally avoid to pay taxes on her foreign earnings. “I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family.

☆ Meet the wealthy ex-Goldman Sachs junior banker and hedge-fund manager taking over as the UK's new prime minister
▼ + stars: | 2022-10-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

We've got famous authors yelling at Jamie Dimon, rich Russians heading to your favorite all-inclusive, and more people complaining about Mark Zuckerberg's metaverse infatuation. The UK has a new prime minister — no, it's not the head of lettuce — and he comes from the world of Wall Street! Rishi Sunak, a former finance minister, officially became prime minister on Tuesday after meeting with King Charles. Sunak's early career reads like a typical Wall Street mogul:-Spend three years working as a junior analyst at a bank (Goldman Sachs). Grenada is proving to be an effective loophole for wealthy Russians looking to get US visas.

Like Truss, Sunak promised a tough approach to illegal immigration and vowed to expand the government’s controversial Rwanda immigration policy. At the time Johnson was running to lead Britain's Conservative Party and Sunak was a member of Parliament. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Danny Lawson/PA/Getty Images Sunak delivers a speech during the annual Conservative Party Conference in Manchester in October 2021. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022.

☆ Rishi Sunak, the new UK prime minister, is yet another Goldman Sachs alumnus
▼ + stars: | 2022-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Rishi Sunak, the new UK prime minister, once worked as a junior analyst at Goldman Sachs in London. Sunak also worked at one hedge fund and cofounded another before getting into politics. Sunak left Goldman Sachs to get an MBA at Stanford University. After finishing his studies, Sunak worked at the hedge fund TCI, before setting his own up – Theleme Partners – with a colleague. The party held its second leadership race in the space of just a few months, and Sunak became the UK's presumptive prime minister on Monday after his only remaining rival, Penny Mordaunt, withdrew.

☆ Adidas is on the hot seat to cut ties with Kanye West
▼ + stars: | 2022-10-24 | by ( Jon Sarlin | ) edition.cnn.com time to read: +6 min

Balenciaga and Vogue publicly cut ties last week, and on Monday talent agency CAA dropped West as a client, and production company MRC said that it’s shelving a documentary on West. Celebrities including Kat Dennings, Josh Gad and Meg Stalter condemned Adidas for sticking by West. We are waiting @adidas,” read Shannon Watts’ tweet in response to the incident that received more than 100,000 likes. Earlier this month after West wore a “White Lives Matter” shirt in public, Adidas said that it was reviewing its lucrative partnership with his Yeezy brand. With pressure mounting and West’s hate campaign against Jewish people continuing, it seems the question is when, not if, Adidas will cut ties.

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