Here‘s the story, as it relates to the Royals:
Millions of pounds of the Queen’s private money is invested in offshore funds in Caribbean tax havens, a huge leak of financial documents referred to as the “Paradise Papers” has revealed.
The documents show that the Duchy of Lancaster, which manages investments for the Queen’s £520m private estate, invested around £10m in the Cayman Islands and Bermuda-based funds.
They also show that the monarch holds small investments, via funds, in businesses including off license chain Threshers and BrightHouse, which has been accused of exploiting people with mental health problems and learning disabilities in order to sell its products.
It is important also to remember that Her Majesty tried to use a state-run poverty fund to heat Buckingham Palace. Was she avoiding tax at this time?
And here’s the public reaction. It seems nobody is keen to support Her Majesty in this:
Guardian front page, Monday 6 November 2017: Revealed: Queen's cash invested in controversial retailer accused of exploiting the poor pic.twitter.com/uA2LDGlE9F
— The Guardian (@guardian) November 5, 2017
#ParadisePapers Sickening that the Queen, one of world's richest women, has a financial stake in retail exploiter of the poor, BrightHouse
— will thorpe (@withorpe) November 5, 2017
Am staggered officials didn’t stop Queen’s money being invested via tax havens – & then into Brighthouse. Will be seen as an insult to millions on low and stagnating incomes pic.twitter.com/oHyhGc7JJ5
— Robert Peston (@Peston) November 5, 2017
A washing machine at £399 from Currys ends up costing £1,560 at BrightHouse. Good news for the Queen's investment though eh? #ParadisePapers
— Liam O'Hare (@Liam_O_Hare) November 5, 2017
When even the Queen's estate is treacherously smuggling money out of the country, the Establishment is revealed as rotten from top to toe
— GeorgeMonbiot (@GeorgeMonbiot) November 6, 2017
When you are told that the Royal Family cares for your well being, just remember like all the entitled they like to invest offshore. #queen
— Harry Leslie Smith (@Harryslaststand) November 6, 2017
So the taxes we all pay to support the Royal Family, they then syphon off into tax havens so the NHS can't get at it. #ParadisePapers
— Danny Baker (@prodnose) November 5, 2017
So we pay our tax to fund the Royal Family who then invest our tax money to ensure that they pay less tax. Wow. #paradisepapers
— James Melville (@JamesMelville) November 5, 2017
offshore tax avoidance though not illegal, is a moral insult to all who pay tax! pic.twitter.com/5Tgsh2JOdM
— Are We All Asleep ? (@demindblower) November 6, 2017
— Susan (@marthasydenham) November 6, 2017
Imagine having more money than you or your children could ever spend and still hiding it away while ur country ppl go hungry #paradisepapers
— Paula Coy (@PaulaCoyscot) November 5, 2017
Long to 'rain' over us
God save the Queen…
She doesn't need any help, she saves in the Cayman Islands. pic.twitter.com/BpQ8WDadha
— Denis Skinner (@BolsoverBeast) November 6, 2017
The Queen has £10m stashed away in offshore accounts.
Only this year she was given an £8m rise because £74m a year isn’t enough to live on. pic.twitter.com/9QqvZtDlm1
— Scott Nelson (@SocialistVoice) November 5, 2017
— Karma Lodro (@BitcoinBuddhist) November 6, 2017
For one thing, let’s stop paying to refurbish the Queen’s palaces. #TaxAvodingQueen
— Paul Bernal (@PaulbernalUK) November 6, 2017
— iawn cont? (@Shonie75) November 5, 2017
So the BBC #paradisepapers reporting is shocked that the Queen invests in a fund in a tax haven. Guess where the BBC pension fund invests?
— Dan Neidle (@DanNeidle) November 5, 2017
Shows like Panorama are like select committee hearings. Entertain the masses, whilst we carry on screwing them & making them think we care.
— Mr Ethical (@nw_nicholas) November 5, 2017
John Humphrys tying himself in knots trying to defend tax avoidance.
— Mr Ethical (@nw_nicholas) November 6, 2017
So Humphreys worried companies will leave UK if they have to pay tax but he doesn't care about companies leaving because of Brexit #r4today
— Gail Freeman-Bell (@gailf_b) November 6, 2017
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