4.4 • 2.1K Ratings
🗓️ 8 April 2022
⏱️ 10 minutes
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0:00.0 | This podcast is sponsored by Canacord Genuity Wealth Management, |
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0:21.3 | Hello and welcome to Coffee How Shots, the Spectators' Daily Politics podcast. |
0:25.4 | I'm Cindy U and I'm joined by Katie Boors and Isabelle Hardman. |
0:29.1 | So today the situation for Richie Sienach seems to have got worse as pressure on him |
0:33.0 | part even further with revelations that he and his wife have been holding US green cards |
0:38.6 | for at least some of his tenures at the Chancellor. Katie, tell us about this story. |
0:43.0 | What are the details? So as we get we don't have the full details but this is a story I think it was |
0:49.0 | first came from Sam Coates Sky and is basically reports Richie Sienach and his wife who's been |
0:56.1 | in the news regarding her non-dom status had US green cards and were declared permanent US |
1:02.2 | residents for tax purposes whilst you're next served as Chancellor. Now in terms of what we know |
1:08.3 | about when they had green cards a source close to the couple that said they do not currently have |
1:13.3 | green cards but they did not say exactly when they get at the status which requires holders to |
1:17.6 | make the US your permanent home. So lots of questions on this and I think people are just waiting |
1:24.6 | for clarification. It leans into the tax story as of yesterday in terms of his wife's non-dom status |
1:32.3 | because holders of green cards are required to pay US tax on their worldwide income as well as |
1:37.0 | making that commitment to make the US your permanent home. So I would suggest the paying tax on |
1:41.2 | worldwide income something which Richie Sienach's wife was not doing in the UK. She's been paying |
1:46.7 | tax on UK earnings not on other earnings across the world. Now it's about Fraser has written in his |
1:54.4 | latest telegraph column that the defence surely should be something like this couple or act charter |
1:59.7 | is paying her US earnings, been taxed on US taxes, Indian earnings or Indian taxes and vice versa |
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