Tuesday, Feb 19, 2008
Ron Sandler, the Rock's new boss, is a non-domiciled South African who pays tax in the UK only on his UK earnings.
BBC: Rock bill going before Parliament
MPs have begun debating the nationalisation of the Northern Rock, as it emerged the bank's new chief executive is a non-dom.
Ministers want to put the troubled bank into "temporary public ownership" in the hope of finding a long-term buyer. This has prompted Tory calls for Chancellor Alistair Darling to resign. Meanwhile the BBC's Robert Peston said Ron Sandler, the Rock's new boss, is a non-domiciled South African who pays tax in the UK only on his UK earnings.
Posted by jack c @ 03:57 PM (340 views) Add Comment
6 Comments
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1. Dellboy said...
German, not South African.
2. Safe As A Crash said...
...he is from Zimbabwe muppet ! (just above South Africa....) ...go have a cup of tea...
3. harold said...
Who gives a t*ss where he's from - fact is we're paying for this parasite's ticket on the gravy train. For God's sake, GB's got the nerve to say this is the best deal for the tax payer. Excue me, but the best deal for the tax payer would have been to have nothing to do with Northern Rock. Dome III here we come. (Dome II is the Olymplics.)
4. paul said...
His fellow partner in non-dom crime is going to be from Switzerland.
How their combined salary bills are the best for the taxpayer I have no idea.
5. inbreda said...
If the london dome is Dome I, and the olympics is dome II (in terms of being a huge waste of money), and NR is dome III...
... where does the Iraq war come in as a waste of money? Dome IV?
Notice the iraq dodgey dossier admission. Good time to release bad news if you ask me. The governments got blood on its hands which in my opinion is far worse than their incompetence at financial and economical management.
6. Simplysam said...
There is a trend by the top government officials to get friendly with rich people outside the country... may be because they wanna make sure they have someone/somewhere to run to when everything in the country goes bellyup.
No matter how high the salary of NR bosses are set to, the tax that they pay neither justify such salaries nor will they reduce government debt. I am sure such bosses were getting similar pays when they got the bank into trouble in the first place...kind of reminds me of robbers who get a cut on what they bring in and disappear to eg Brazil..oh this is a place where properties are rising in prices!