Lloyds chief faces tax status scrutiny

Chief executive of Lloyds Banking Group, Eric Daniels is under pressure to make clear his tax arrangements after it was found he earns an additional £25,000 for tax planning advice, according to City A.M. Daniels has also been criticised for revealing that he is awarded substantial tax breaks after retaining his non- domiciled tax status as an American citizen. The chief executive earns a salary of £1m a year with tax breaks that entitle him to avoid tax on foreign and overseas investments.
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