Monday, July 15, 2013

Prince Charles's tax affairs come under scrutiny by MPs...

The tax affairs of the Prince of Wales and the Duchy of Cornwall are due to be examined by an influential set of MPs.

Prince Charles's most senior official, William Nye, has been called to give evidence to the Public Accounts Committee on Monday afternoon.

The committee will consider whether the prince is paying his fair share of tax and explore why the duchy does not pay corporation tax or capital gains tax.

It is only the second time that royal accounts have been examined this way.

The last time Prince Charles's representatives came before the Public Accounts Committee they were accused of performing financial "jiggery pokery" and he was said to be the recipient of the "best housing benefit scheme in the world". Full story...

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