Wednesday 20 February 2008

Northern Rock non-dom shock horror

It's quite clear that most of the politicians and media pundits who bang on about the UK's non-dom tax rules don't have a clue about what those rules actually are. It turns out that the two senior executives appointed by the Government to run the company, Ron Sandler and the astoundingly named Ann Godbehere, are both non-dom: Sandler has a German passport and Ms Godbehere a Canadian one.

This led the Lib-Dem leader Vince Cable, who is normally better than this, to remark that Sandler was now the second-best paid man in Newcastle, "after Michael Owen, but at least Owen pays taxes in this country". Look, Vince and all you other cheap-shot artists, if Ron and Ann are paid money in this country, they pay tax on it like everybody else. It's only their earnings outside the UK that are exempt. It's pretty simple really -- do try to keep up.

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