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by waitwhat
4391 days ago
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The "bunch of assets" that the crown effectively surrendered in return for financial dependence on parliament is the Crown Estate, currently worth GBP 8.1 billion (USD 13.6 billion). They also pay tax: "In 1992, The Queen volunteered to pay income tax and capital gains tax, and since 1993 her personal income has been taxable as for any other taxpayer. The Queen has always been subject to Value Added Tax and pays local rates on a voluntary basis." I also assume that she does minimal tax avoidance. http://en.wikipedia.org/wiki/Crown_Estate http://www.royal.gov.uk/TheRoyalHousehold/Royalfinances/Taxa... |
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