Rishi Sunak is facing growing pressure over alleged “conflicts of interest” related to his past US residency and his wife’s tax affairs.
Sky News has been told that the chancellor and his wife held US green cards – permitting him residence in the country – until more than a year into his time at 11 Downing Street.
Green card holders must pay US tax on their worldwide income and pledge that the US is their forever home.
A source close to Mr Sunak said neither he nor his wife have green cards, but refused to say if they had them during any of his time as chancellor.
Labour and the Liberal Democrats urged him to come clean.
Lib Dem leader Sir Ed Davey said: “How could the man responsible for UK tax policy regard any permanent residency status for the United States as acceptable?
“This would be a huge conflict of interest – and a serious breach of the ministerial code.
“Rishi Sunak must come clean about his own financial arrangements and whether he has ever held a green card.
“If he will not, then we need an independent investigation to get to the bottom of this.”
Read more: Sunak says his wife is being smeared and has done nothing wrong
Labour’s shadow chief secretary to the Treasury Pat McFadden said there “must be transparency on this question of the green card” and that “it should come today”.
The issue adds to the intensifying spotlight on Mr Sunak’s household arrangements after it was revealed this week that his multi-millionaire wife had “non-dom” status, reducing her tax bill.
Pressure has been building on the chancellor since a poorly-received spring statement last month that critics said did too little to address the cost of living crisis – and polls suggest his popularity is plummeting among voters.
Then came a revelation about his £100,000 donation to his old boarding school, Winchester, adding to the focus on his personal wealth and that of his multi-millionaire wife Akshata Murty.
Having non-dom status enables Ms Murty, the Indian-born daughter of a…
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