#ParadisePapers: Britain’s tax authority to look at Queen’s £10 million investment

BRATISLAVA, SLOVAK REPUBLIC - OCTOBER 23: HRH Queen Elizabeth II attends a State Banquet at the Philharmonic Hall on the first day of a tour of Slovakia on October 23, 2008 in Bratislava, Slovakia. The Queen and the Duke are on a two day tour of Slovakia at the invitation of President Ivan Gasparovic. (Photo by Chris Jackson/Getty Images)

Britain’s tax authority has asked to look at the leaked offshore investment documents dubbed ‘Paradise Papers’ to examine allegations against the queen, a spokesman for Prime Minister Theresa May said on Monday.

“It is important to point out that holding investments offshore is not an automatic sign of wrongdoing, but
Her Majesty’s Revenue and Customs has requested to see the papers urgently so it can look into any allegations,” he told reporters.

Newly leaked papers have revealed that Queen Elizabeth II invested some of her private money in offshore tax havens.

According to the documents obtained by the International Consortium of Journalists, the queen’s investment managers placed roughly 10 million pounds in offshore portfolios in the Cayman Islands and Bermuda.

The investments were made by the Duchy of Lancaster, which handles the queen’s finances. There is no suggestion the investments are illegal.

The documents about Elizabeth’s financial holdings are part of a tranche of some 13.4 million records of offshore accounts leaked to German newspaper Suddeutsche Zeitung.

Advertisement

SGF Campaign AD

The documents were shared with the International Consortium of Journalists and a network of more than 380 journalists in 67 countries.

The queen has vast financial assets, including real estate, works of art and jewelry.(Reuters/NAN)

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required

DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.