Indian-origin Arora brothers among UK’s top 50 taxpayers: Report

The Arora brothers, who built the business, own just under 15 per cent of it, where Simon is Chief Executive.

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Indian-origin Arora brothers among UK's top 50 taxpayers: Report
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Arora brothers — Simon, Bobby and Robin Arora — have been ranked Britain’s 24th highest taxpayers, reports The Sunday Times.

According to a new top 50 list compiled by ‘The Sunday Times‘, Indian-origin retail brothers of the B&M chain of discount stores, the Arora family paid 25.6 million pounds towards their 2017-18 tax bill against wealth estimated at 2,300 million pound.

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The UK’s highest taxpayer was named as sportswear businessman Stephen Rubin, who paid 181.6 million pounds in tax in 2017-18 against a wealth estimate of 2,820 million pounds.

“The super-rich are often castigated for not paying their fair share of tax, for deploying all tax avoidance measures at their disposal, yet the top 1 per cent of earners are expected to yield 28 per cent of all income tax receipts for 2017-18,” the newspaper noted.

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The Arora brothers, who built the business, own just under 15 per cent of it, where Simon is Chief Executive.

Known for its annual ‘Rich List’ of the UK’s wealthiest people, the newspaper released its first-ever list ranking top 50 tax contributions as the UK’s January 31 income tax return filing deadline nears.

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Indian-origin Arora brothers among UK's top 50 taxpayers: Report
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The Arora brothers, who built the business, own just under 15 per cent of it, where Simon is Chief Executive.
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THE POLICY TIMES