Forum Replies Created
- Posts
Quite likely that Murty’ s father long long ago when he enriched his daughter set up an offshore trust fund in her name, and this would have been favourably placed in a tax haven. It may have had prenup arrangements in it to protect the fund from expensive divorce settlements. Today these overseas trusts cost about £5k to set up with a maintenance of 4k a year.
Maybe he set up something at home due to a lack of inheritance tax in India so he chose something home grown.
“Dividends received from Indian companies prior to 1 April 2020 are tax-free in the hands of the shareholder. Any dividends received post 1 April 2020 are chargeable in the hands of the non-resident shareholder at the rate of 20% or treaty rate, whichever is beneficial.”Post 2020 – if a person was domiciled in India but resident in UK received £10 mill in dividends under the non dom arrangement they would pay 2 mill to the Indian tax authorities and avoid all tax on them in Uk. Once Murty’ agreed to pay tax she would have had to pay £1.81million to HMRC ( divi tax was 38.1 (additional rate) so 38.1 minus the 20% she had paid so 18.1%.
Divi tax now is 39.35% additional rates and on ordinary dividends.
Now Infosys declares dividends twice a year early mid April and late October.Infosys final year results and dividend payment went out on April 13th 2022. I suggest that Murty would have received this dividend and when she wrote to HMRC and agreed to pay it would have involved any future dividends. She would have paid British tax on dividend income in Oct 22 April 23 Oct 23 and April 24. and this is where the intrigue comes in – will she pay tax on the dividend which came out on Oct 26 which will be received by shareholders on the 5th of November ? Did this payment influence Sunak’s choice of election date.
I will refill my cup.Year 12-15 non doms paid 60k up from 30.
Back with a cup of tea.
Hunts earlier budget in 24 rather usurped Labours plans to end the non dom status. Hunt penalized new arrivals but left those still here under the 15 year residency grace period ( Hunt brought this in an earlier budget ) to continue with their benefits. Reeves has stopped these concessions. Murty still had some few years left until she became a deemed dom. It reminds me of the Mafia term when you become a don and you get made. She loses those years now but of course she had volunteered to pay any tax from abroad and that is the interesting bit…
April 9 2022…( note the date)
Chancellor Rishi Sunak’s wife Akshata Murty has said she will pay UK taxes on her overseas income, following a row over her non-domicile status.I don’t usually contribute to political threads, on the other hand, I do like a bit of intrigue. I may decide to stop writing so apologies if there is a cliff edge and on the other hand, I may get bored with the complexity and dryness of it, and may consequently drop off my writing perch. I am extremely busy at the moment.
All I write is complete conjecture and the conclusions I hint at may be far from the actuality, but allow me
to give a few hopefully interesting thoughts.
Most people including MPs were expecting an October or November election – it sort of made sense to allow time to help cobweb all the big mistakes made.The conservatives lost 251 seats in the annihilation that followed.That morning of the declaration he stood there in the pouring rain…
‘Labour MPs are happy. We’re not. That tells a story,” one minister fumed in my general direction as he reeled off a list of legislation he had been involved in, now headed for the shredder.
All of Mr Sunak’s MPs, though, were blindsided – including cabinet ministers who had no inkling of what was coming either, even being sent a fake agenda for their Wednesday afternoon meeting.’Sunak wife Akshata Murty has a .91% stake in Infosys a software company her father started with $250 which has a capitalisation of £66.71 billion (her Infosys wealth was quoted at around 700 million) and employs a quarter of a billion workers worldwide deriving 60% of its income in North America.
Ms Murty has non dom status which under the arrangement of paying 30k a year to HMRC she was allowed to use the remittance basis for her tax affairs which meant that foreign earning were taxed at source at country of origin, or lightly taxed or not taxed, as the case may be. That all changes next April when the residency basis replaces it and non doms are basically cancelled apart from the exception of temporary 4 year newcomers.
The recent budget also included an inheritance tax grab for non doms however there is a double taxation (India/UK) treaty from 1956 which allows forgiveness of inheritance tax for Indians domiciled in India residing abroad.It is not clear whether the treaty overrides the budget rules and it is currently under discussion. There is no inheritance tax in India and the top rate of tax is 30%. Top rate is 37% in U.S. UK rate is 45%.I am getting bored so will leave you for an indefinite time.
They are not all racists in the land of the Free
They have built the monasteries.First things sprogs learn after shooting ducks
is how to twitch a curtain.Ten years later standing by it.
” Half the street are benefit thieving ingrates who should disappear down the orifice they came from
The other half are BUMS.
Druggies every one.
Are we down SOUF
and are we done ,?
No
Let’s go back in time
2013 and let the climate
wreck em to bits
So temptin’Leave no trace
Hide your face
Not worth the lace !Yap Yap, yap yap yap yap
:
Whereas Davies could interestingly describe himself as a myriapod – I could never call myself an actor, more a two bit opportunist, as my acting career was brutally cut short lasting all of 90 minutes and and that would have been in the summer of 73 -July or August. The filum came out the next year. No one noticed my talent. I never caught sight of Steve McQueen – he wasn’t on set that day but he would have known. No I sloped off towards the beach area of LA, glancing at intervals behind me. There was a serial killer at large back then who had innocuously been dubbed the Banana man. He would creep up behind a walking pedestrian and unleash a hammer blow to the head – similar MO to our Yorkie Ripper, difference was Banana man also attacked men and always left a banana skin by the body as if the culprit had had the misfortune to slip on it. It gave him time initially. I don’t know if he was ever caught – this killer with a distorted mind – they presumably checked out all personnel working in vegetable stores.
Exactly 25 years before Britney made school popular again by releasing her hit me hit ‘
Baby one more time ‘
I was out in California filuming with Steve McQueen. I only had a tiny part so never appeared in the credits. I was dressed down as always in those heady days of got no confidence YOOF and standing next to a dapper Fred Astaire who was also in the filum and was nonchalantly sprouting a red carnation on his jacket that day, and it made me feel a bit like a street urchin which incidentally was my part.An interesting observation indeed Oh Ruby, and it can be said that those that seek out Pegasus, or study or dedicate unnatural or inordinate amounts of time to study the finer detail of the muscularly laden equus caballus, are indeed the types to succumb to an earthy nature. In Davies’s case this earthiness was usually excecised and expressed with a certain decorum, and it would be eyewash to call him predator – in fact he called them out. Well…then there were the weak moments..
‘ When dusk settled and an unnatural amount of steam was seen billowing out from under the stable door, with Neddy the occupant all tucked up safely in bed, and entering La La land – it begged the question among rumour mongering raking out stable staff, ealy the next morning
“WHO LET THE BLOB OUT ?”
CORPUS EDEMIS
THE OMEN
The spirit of the legendary stallion Razeen left his body on 16th February 2011. The great son of Northern Dancer out of Secret Asset was 24 years old when the end came.
Razeen passed away like a true hero and was in the covering yard with his “working” boots on. The end came peacefully and was painless all of which was evident in his face and eyes which were calm and resplendent even though he lay lifeless bar the pulsating pinstripes. What a way to go !
Good guys always finish last – Gentlemen finish third !!!
They buried his working boots and monacle in a separate heavily disinfected casket all arranged and paid for by the notorious Word Association gang who placed the word third, carved in Bromley oak, on his grave while one of the gang quietly whispered the word *rsehole.
A green vested blob in the shape and size of several men was indeed spotted stretching itself across the downs at Epsom yesterday. One racegoer finding himself quite alone, turned to his shadow and asked – What on earth is that ?
It’s an undulating myth the shadow replied.
As far as spitting feathers
that was my wry attempt at humor.
US style
I am not at all angry.
I certainly did not intend to post last night and forgot to log off – hence my today’s post.
I may have left the drawer open.
I don’t post on forums these slightly colder days. I do keep the odd eye on them.I have largely given up South Africa and US bar the big meets.
Just UK racing. (due to its depth)I haven’t seen Davies about anywhere. I wish him well with his mute activities.
Razbag has probably settled himself with age. I know leafy Bromley very well from the distant past.
I am wearing a white puffer jacket – a crisp tenner to anyone who apprehends me today.
Goodly bye
( currently sitting in a Turkish bakehouse drinking Turkish coffee – just about to order a second Americano.)
Quick pick up Ruby I’m impressed …but
Just what the truth is I cannae say anymore
aka The Moody BluesIt’s a conundrum and an unfathomable… like Ruby Tuesday Oh Ruby Ruby Ruby …
Goodbye, Ruby Tuesday
Who could hang a name on you?
When you change with every new day
Still, I’m gonna miss youBut the big nagging question is
WHY CHANGE ?
WE LOVE THE PAST !
OLD POSTERS SHOULD NEVER DEE
Strawberry Fields forever plus a cup of free coffee
The BlobI cannae get me no satisfaction
RazbeenTake your pick – two iconic gods or gifs both destroyed in their creative yoof period !
When will they ever learn ?
Goodlynight.
A certain Mr Davies voluntarily exited this site
many years ago – the site back then paid cursory attention to this one man’s selfless act of heroic overstatement in cutting off his own knees and for his self declared misdemeanour of challengingly advertising tissue from his Blob exchange.The Truffle site rumbled on, somewhat shocked, somewhat amused, but still fully intacta. It was a lightening event but did not register on the Richter scale.
When the many years rested Davies returned sporting a new bright green anorak and Tee shirt, replacing his de rigueur dismal black of old, it sparked a change. He was refreshed reinvigorated and displayed a new irrepressible energy. Yes, he soon became rampant. Whether people like rampant or not is a personal choice, however soothsayers and historical reporters have oft reported it to be a state generally preferred to ‘dead in the water’.
There are certain events that affect a site’s wellbeing. One has to go back to 2006 for the last significant seismic event which was the sad death of Daylight.
It has to be said that racing as a product is tarnished and in the doldrums and this affects the heath and wellbeing of any racing forum. I don’t think Davies was unaware of this it’s just his love of the sport found ways of dealing with it.
When this newly remodelled sparky Davies, on a grey day, suddenly picked up his Waitrose hamper and left the Teddy bears in the picnic area – to picnic alone – all hell broke loose !
There was pandemonium. This was a seismic event. There are ways of sugarcoating with dressed up figures to sort of make the post Blob decline seem like normal ….Blah Blah Blah, One a penny two a penny, hot crossed figures – but the reality is, we are now living in a desert, and have suffered a serious loss of caffeine.
Yes when Blob left, the site took a huge gasp – possibly it’s last, and it has been surviving pretentiously on life support ever since that grey day – when the forum clock stuttered and stopped. Sorry Jim.
The site refuses to bend – it still has good commentators – they can blurb as good as ever – the problem is that what one can no longer ignore is that they are now commentating and reporting from a desert wasteland and they are mostly living in tents with small cacti for microphones. I have spotted a twig type bivouac adorned with camel dung. There is always one.
Blob finally got one of his wishes
THE BISCUIT TIN
THE ONLY SURVIVOR
NOTHING MUCH MOVES
A FEW FLIES LOOT
THE FEW SCRAPS REMAINING
NOTHING TO DISTRACT
DRAW THE CURTAINS
IT’S GONE MUTE.
