Pretty much everyone seems to think the Chancellor’s wife got it wrong. But why?
When companies generate income around the world but are found to pay little tax in the UK, there is frequently an outcry that tax should be paid in the countries where the profits are generated, not the country where the company has its home. But when an individual does the same thing – the wife of the Chancellor of the Exchequer, Akshata Murty, for example, taking advantage of the so-called “non-domicile” status – there is an outcry for the opposite to happen.