UK Prime Minister Rishi Sunak is being accused of trying to 'bury bad news' by choosing to release his tax returns while all the focus is onBoris Johnson’s Partygate hearing.
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Rishi Sunak releases tax returns
On Wednesday 22 March, Downing Street released a summary of Sunak's taxable income, capital gains, and tax paid, as reported by The Telegraph.
The statement, which was three pages long, showed that in the past three tax years, he earned just under £4.4m in capital gains and dividends plus his ministerial salary over the same period of £410,951. In total, Sunak received an income of £4,766,962.
It also showed that he paid UK tax of £1 million, which is equivalent to 22%. According to The Telegraph, experts said that rate would typically be paid by people on a £70,000-a-year salary.
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Rishi Sunak facing backlash
Sunak’s personal tax returns were published online at the same time former Prime Minister Boris Johnson was being questioned by MPs over allegations he misled parliament in regards to parties held during Covid-19 lockdowns in Downing Street.
This has sparked accusations that Sunak is trying to 'bury bad news', particularly as he knows his wealth is viewed as problematic during the current cost-of-living crisis in the UK.
Labour deputy leader Angela Rayner wrote on Twitter:
Wonder why he's chosen today?
Green MP Caroline Lucas tweeted:
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Kevin Maguire, a journalist for The Mirror, wrote:
Sunak's £155,000 for being an MP and PM is pin money to him when his income was £1.9m in 2021-22. He used Johnson's grilling as a good day to bury bad news, sneaking out the tax return during the Psrtygate hearing. Must be employing a Jo Moore in No 10
While Robert Palmer tweeted:
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Sources used:
The Telegraph: 'Rishi Sunak earned nearly £5m in three years - but paid tax at just 22pc, his recently released accounts show'