THERE were calls yesterday for Chancellor Alistair Darling to require Ron Sandler, new executive chairman of Northern Rock, to give up his “non-domiciled” tax status, after reports he benefits from the arrangement.
GMB leader Paul Kenny described the issue as a “severe embarrassment” for the Chancellor, who is targeting the non-doms, typically wealthy foreign nationals living in Britain, to pay more tax.
Neither the Treasury nor Northern Rock would disclose the tax arrangements of Mr Sandler, who was appointed to his £90,000-a-month post when the bank was nationalised on Sunday.
Reports yesterday claimed the former Lloyd’s of London chief executive, who has a German passport, is a non-dom.
It was also reported the Rock’s new £75,000-a-month chief financial officer, Ann Godbehere, is resident for tax purposes in Switzerland and is also likely to adopt non-dom status.
Both will pay UK tax on their earnings at Northern Rock.
ROCK UPDATE: PAGE 13
