Prince Charles was last night accused of paying a lower tax rate than his servants.
Labour MP Austin Mitchell claimed the Prince of Wales was ‘dodging around’ to avoid tax.
He said that by refusing to classify the Duchy of Cornwall property empire as a corporation, Charles did not pay corporation tax like other big profit-making firms.
Mr Mitchell also criticised him for paying too little income tax on the £19million he received from the duchy last year year.
He demanded to know why Charles paid just 23.6 per cent of his income in direct and indirect tax, compared with an average of 38 per cent paid by the poorest quarter of the population.
Describing the Duchy of Cornwall, which owns land across the South West and provides Charles with his income as heir to the throne, as a ‘medieval anomaly’, Mr Mitchell suggested the only reason it was not registered as a company was so the Prince could avoid tax. Full story...
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Labour MP Austin Mitchell claimed the Prince of Wales was ‘dodging around’ to avoid tax.
He said that by refusing to classify the Duchy of Cornwall property empire as a corporation, Charles did not pay corporation tax like other big profit-making firms.
Mr Mitchell also criticised him for paying too little income tax on the £19million he received from the duchy last year year.
He demanded to know why Charles paid just 23.6 per cent of his income in direct and indirect tax, compared with an average of 38 per cent paid by the poorest quarter of the population.
Describing the Duchy of Cornwall, which owns land across the South West and provides Charles with his income as heir to the throne, as a ‘medieval anomaly’, Mr Mitchell suggested the only reason it was not registered as a company was so the Prince could avoid tax. Full story...
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