The Liberal Democrats have questioned the eligibility of a candidate in line
for the Lloyds Banking Group chairman role because he is non-domiciled.
Ron Sandler – currently chairman of Northern Rock – is only taxed on his UK
income and not on overseas income or gains, according to
Lord Oakeshott, Treasury spokesman for the Liberal Democrats, said: ‘The
chairman of a nationalised, or part-nationalised, bank should not be a non-dom.
‘Ron Sandler should not become chairman of Lloyds.’
Sandler was born in Zimbabwe and carries a German passport.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget