What is Prince Charles up to? British MPs who questioned Charles’ staff over his finances have accused Charles of paying less tax than his domestic servants.
One official stated, “In the figures published it appears that Prince Charles’ direct tax plus indirect tax is 24 per cent of his income for 2012 and 23.6 per cent for 2013. It looks to me that Prince Charles pays a smaller proportion in tax than any of his domestic servants.”
The official basically stated that Charles was trying to avoid paying taxes through increasingly evasive measures, and he stated, “If it looks like a duck and quacks like a duck, and swims like a duck you sort of assume it’s a duck. Given the Duchy of Cornwall looks and behaves like a corporation with income from complex investments, and quacks like a corporation with a council including the great and good from banking…many of my constituents would say the Duchy should pay corporation tax and capital gains tax. Aren’t my constituents being reasonable?”
However, Charles’ secretary was quick to jump to his defense and state, “He pays income tax on his income after relevant business expenses.” His secretary also added, “Essentially it’s a set of properties that belong to the Duke of Cornwall. The fact that it’s a large set of properties doesn’t mean it is a corporation.” The MPs got angry at that, and their response was, “You are really dodging around for tax purposes. [You say] it is not a corporation, but it is.”
Well, if these allegations turn out to be true, it will certainly be damaging to the royals’ reputation. I mean, nobody really has a very high opinion of Charles anyway, but Queen Elizabeth certainly won’t stand by and accept this, especially with Kate Middleton and Prince William’s royal baby due to born any minute. There’s a reason all we see the royals doing is giving money away to charity and attending charity events – people think they’re privileged enough, and if Charles is really paying lower tax rates than his SERVANTS, then he’s definitely either doing something illegal or dodging through a lot of legal loopholes.
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