Another Royal mouth to FEED

[Thunder Bolt]

Umm, where did Diana get £8.5m from?

Her divorce settlement from the Duke of Cornwall who gets his income from the Duchy. If you are a farmer in Cornwall then you might have cause to complain.

 

[keaton]

Her divorce settlement from the Duke of Cornwall who gets his income from the Duchy. If you are a farmer in Cornwall then you might have cause to complain.

Or a food or drink supplier that has less favourable tax rules applied.

Why can't we complain about the Duchy? How is the Duchy tha different from us directly funding them?

 

[hans kraay fan club]

Her divorce settlement from the Duke of Cornwall who gets his income from the Duchy. If you are a farmer in Cornwall then you might have cause to complain.

Let's keep going.

So, where did Charles 'get' the Duchy of Cornwall from?

 

[Simster]

Her divorce settlement from the Duke of Cornwall who gets his income from the Duchy. If you are a farmer in Cornwall then you might have cause to complain.

Good Lord. So NONE of the rest of us are allowed to complain that this tiresome interfering old toff gets away with not paying any income tax? Or that his favourable tax rules puts other British firms at a competitive disadvantage? Never mind how the royals got hold of this enormous piece of real estate in the first place.

 

[Goldstone1976]

Good Lord. So NONE of the rest of us are allowed to complain that this tiresome interfering old toff gets away with not paying any income tax? Or that his favourable tax rules puts other British firms at a competitive disadvantage? Never mind how the royals got hold of this enormous piece of real estate in the first place.

Charles has paid income tax on all income, including that from the Duchy, at normal rates since 1993.

However, there are two things that Republicans can legitimately complain about, imo:

1) This arrangement is voluntary. I guess he (or a successor) could reverse that decision, though it has to be extremely unlikely, shirley?

2) The Duchy itself is not subject to Corporation Tax. This, again imo, is an extremely dubious exemption.

 

[El Presidente]

If only her husband hadn't inherited millions from his deceased mother, and earned money as a helicopter pilot, eh?

It's his chopper that's got us into this mess.

 

[El Presidente]

Try telling that to people who think the "Royals" are different to us.

They're lizards aren't they?

 

[hans kraay fan club]

Charles has paid income tax on all income, including that from the Duchy, at normal rates since 1993.

However, there are two things that Republicans can legitimately complain about, imo:

1) This arrangement is voluntary. I guess he (or a successor) could reverse that decision, though it has to be extremely unlikely, shirley?

2) The Duchy itself is not subject to Corporation Tax. This, again imo, is an extremely dubious exemption.

3) The fact that the heir to the throne came to own this massive chunk of the country in the first place, by virtue of lineage.

 

[keaton]

Charles has paid income tax on all income, including that from the Duchy, at normal rates since 1993.

However, there are two things that Republicans can legitimately complain about, imo:

1) This arrangement is voluntary. I guess he (or a successor) could reverse that decision, though it has to be extremely unlikely, shirley?

2) The Duchy itself is not subject to Corporation Tax. This, again imo, is an extremely dubious exemption.

As well HCFC's point, he also makes whatever deductions he likes in expenses before voluntarily paying his tax

 

[Simster]

Charles has paid income tax on all income, including that from the Duchy, at normal rates since 1993.

However, there are two things that Republicans can legitimately complain about, imo:

1) This arrangement is voluntary. I guess he (or a successor) could reverse that decision, though it has to be extremely unlikely, shirley?

2) The Duchy itself is not subject to Corporation Tax. This, again imo, is an extremely dubious exemption.

The fact that this arrangement is voluntary means that as far as I'm concerned, he doesn't pay income tax. He is allowed to revoke that at any time, meaning in reality, he's acting little differently from a Victorian-era industrial philanthropist.

 

[Doc Lynam]

Good Lord. So NONE of the rest of us are allowed to complain that this tiresome interfering old toff gets away with not paying any income tax? Or that his favourable tax rules puts other British firms at a competitive disadvantage? Never mind how the royals got hold of this enormous piece of real estate in the first place.

Its all utter bull ****! Check out the gold mine they found in Cornwall and the rules that were changed so all the money went to the royals and not the community.

 

[Goldstone1976]

3) The fact that the heir to the throne came to own this massive chunk of the country in the first place, by virtue of lineage.

I was referring exclusively to the financial point that had been raised, rather than seeking to give a complete list of the things that Republicans might disapprove of. The issue you raise would of course be one of the additional ones!

As well HCFC's point, he also makes whatever deductions he likes in expenses before voluntarily paying his tax

Hmmm. Source?

The fact that this arrangement is voluntary means that as far as I'm concerned, he doesn't pay income tax. He is allowed to revoke that at any time, meaning in reality, he's acting little differently from a Victorian-era industrial philanthropist.

He may be acting like a philanthropist, but it's stretching it a bit to assert he's not paying income tax if he pays exactly the "correct" amount to the Treasury. Your point is more political than economic, I'd have thought?

 

[goldstone]

It'll be OK if they stop at two. Any more than that is totally unnecessary and only adds to the population explosion.

 

[Simster]

He may be acting like a philanthropist, but it's stretching it a bit to assert he's not paying income tax if he pays exactly the "correct" amount to the Treasury. Your point is more political than economic, I'd have thought?

But he's choosing to pay the "correct" amount, because he can afford to make that choice. I'd quite like that choice, actually. Wouldn't you?

 

[El Presidente]

I bet Will Carling is getting a bit fed up as I'm sure he'll want the other one to marry and sprog so he can be a grandfather.

 

[hans kraay fan club]

I bet Will Carling is getting a bit fed up as I'm sure he'll want the other one to marry and sprog so he can be a grandfather.

That's a SCANDALOUS thing to suggest. That James Hewitt is not his real dad.

 

[El Presidente]

But he's choosing to pay the "correct" amount, because he can afford to make that choice. I'd quite like that choice, actually. Wouldn't you?

I'm just glad that Gideon brought down the top rate of tax from 50% to 45% so that Chas doesn't have to shop at Lidl. 5% of £19 million means he won't have to buy biscuits from Bulgaria and instead can have a McVities to dunk in his cuppa.

 

[keaton]

Hmmm. Source?

From the Telegraph

http://www.telegraph.co.uk/news/ukn...e-Charless-duchy-taxes-questioned-by-MPs.html

William Nye, the Prince’s principal private secretary, will face MPs’ questions on July 15. He published the Prince’s annual accounts yesterday. He said: “The Duchy does not pay corporation tax or capital gains tax for the simple reason it is not a corporation. The Prince voluntarily pays income tax at the 50 per cent rate, after his official expenses and costs have been deducted. We will be more than happy to explain this.”

 

[hans kraay fan club]

I'm just glad that Gideon brought down the top rate of tax from 50% to 45% so that Chas doesn't have to shop at Lidl. 5% of £19 million means he won't have to buy biscuits from Bulgaria and instead can have a McVities to dunk in his cuppa.

Surely he just dunks Duchy Originals Shortbread, and writes off the cost as an expense

 

[Thunder Bolt]

That's a SCANDALOUS thing to suggest. That James Hewitt is not his real dad.

Harry was born on 15 September, 1984.

Diana did not meet James until the summer of 1986, and the red hair, gossips so love to cite as proof is, of course, a Spencer trait.