BREAKING: Nadhim Zahawi says his tax error was 'careless and not deliberate' and he wants to 'address some of the confusion' about his finances after Labour called for him to be sacked Sky's joncraig has the latest More here 👉 📺 Sky 501 and YouTube
The polling company, which is headquartered in the UK, but has operations in Europe, North America, the Middle East and Asia-Pacific, is thought to have a net worth of around £100m.
Pressure has been mounting on the 55-year-old politician to respond to questions over his tax affairs, however up to now he had refused to comment.The Guardian first reported that he paid a 30% penalty, taking the estimated total tax bill to more than £4.8 million. Ahead of his statement, Labour had renewed calls for the Prime Minister to take action, and sack Mr Zahawi.
Speaking at the Fabian Society conference, Labour's shadow chancellor Rachel Reeves said:"A few months ago... He was chancellor of the Exchequer and responsible for Britain's tax affairs and tax collection, and we now find that he wasn't so keen to pay himself. "So, if the Prime Minister wants to stick by his commitment for integrity, honesty and professionalism, he should do the right thing and sack Nadhim Zahawi.
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