Tories fear if Johnson is suspended over Partygate then Uxbridge could be lost in byelection – UK politics live

Latest updates: party fears it would lose London constituency if former PM is suspended after appearance at privileges committee

A tax lawyer, Dan Neidle, has been quizzed on Sky News about the Prime Minister benefiting from capital gains being taxed at a lower rate than income in the UK.

Asked on why Rishi Sunak’s tax return suggested he paid an effective tax rate of 22% across three years, Neidle told Sky News: “It is not because he has done anything clever or because he is avoiding tax.

It is because in this country we tax employment income at up to 47% but capital gains on investments at only 20%.

That is why his effective rate is so low.

Continue reading…

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments