The Bank of England has defended the non-dom status of Mark Carney, insisting that the governor has not structured his affairs to get around tax.
Mr Carney, who was lured from his native Canada by George Osborne to run the Bank from July 2013 with a pay package of £874,000, will be the highest-profile foreign figure in the City to be caught by Labour’s plans to curtail the non-dom tax benefit, if it wins the election next month.
Among others are the chief executives of nearly all the big British banks, including the Portuguese-born António Horta Osório, who runs Lloyds, and the New Zealander Ross McEwan, of Royal Bank of Scotland. Stuart Gulliver, the British chief executive of HSBC, is also a non-dom because he