2024-11-10 20:00:00
this british royal family Charles III and William were criticized for a lack of transparency about their assets and income after media reports revealed that he and William received funds from public organizations and were exempt from certain taxes.
The exact scope of the property and contract details are not known to the public.such as leases for the Duchy of Lancaster, King Charles III, and the County of Cornwall, Prince William.
but a survey Channel 4 and sunday times Articles published in recent days have brought them to light for the first time.
Dictators don’t like this
The practice of professional and critical journalism is a fundamental pillar of democracy. That’s why it bothers those who think they have the truth.
According to these means, Two principalities earn millions of pounds from lucrative lease deals Providing land to the NHS, other departments or charities, which is currently in crisis after years of underfunding.
At the same time, the two principalities own land, property and other assets in England and Wales and pay no corporation tax or capital gains tax.
King Charles III and Prince William are ‘deceiving the public’, politicians say
arrive Norman Baker, former MP for the centrist Liberal Democrats y royal critic This has long confirmed that members of the monarchy are “deceiving the people”.
“These are crown lands that belong to the people (…) All this money should be “royal property”Since the enactment of the law in 1760, the revenues of the Crown estates have belonged to the public treasury, complained.
Under this law, 15% of the profits of the Crown Estate are allocated annually to the Crown (Sovereign Grant) to maintain its assets and pay the remuneration of more than 500 Windsor employees.
next year, The donation will amount to £132 million ($171 million).
The Crown ensures that the profits of the Duchy of Lancaster and Cornwall fund the public, charitable and private activities of the monarch and his heirs.
These two principalities were excluded from the 1760 agreement because they generated little revenue at the time.
But more than two centuries later, They are worth around £1.8bn Profits were 50 million pounds ($65 million) last year ($2.33 billion), according to its annual report.
The money of Charles III, one of the richest men in England
Thanks to this, Charles III was one of the richest men in England scam Personal wealth estimated at £610m ($790 million).
His Duchy of Lancaster will receive 12 million pounds ($15.5 million) over 15 years by renting a warehouse at a London hospital to house ambulances.
In itself, Guillermo signs contract worth £37.5m ($48.5 million) to lease the land on which Dartmoor Prison is located with the Ministry of Justice.
Graham Smith, head of anti-monarchy group Repubblica, denounced the investigation as “showing how the principality seeks to maximize profits to the detriment of the people”.
Both principalities deny any wrongdoing. But this This is not the first time for the royal family Must defend its property.
In 2006, an influential parliamentary committee questioned the significant tax exemptions it received from the estate. But the issue later receded into the background.
In 2013, the committee called on the Treasury to tighten its control over the Duchy of Cornwall‘s finances. For Norman Baker, Parliament should address this issuejust like the government.
But for David Haigh, director of financial advisory firm Brand Finance, the role of Charles III and William’s duchy is “any large estate belonging to a noble family”.
AFP
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**Interview with Royal Affairs Expert, Dr. Sarah Montgomery**
**Editor:** Thank you for joining us today, Dr. Montgomery. Recent reports from Channel 4 and the Sunday Times have shed light on the financial dealings of King Charles III and Prince William. What can you tell us about the public’s reaction to these revelations?
**Dr. Montgomery:** Thank you for having me. The public reaction has been quite intense. Many people feel that the monarchy has not been transparent enough regarding their financial assets and income. The fact that King Charles III and Prince William receive significant funds from public organizations while remaining exempt from certain taxes has raised eyebrows, especially amid discussions about public funding cuts and crises.
**Editor:** What are the main concerns being raised by critics, including former MP Norman Baker?
**Dr. Montgomery:** Critics like Norman Baker argue that the monarchy is deceiving the public. The contention is that the lands and assets held by the Duchy of Lancaster and Cornwall should be considered crown lands belonging to the people, especially since most revenues from the Crown Estate are allocated to the public treasury. Critics believe that these priceless assets and their profits should be contributing more significantly to the national funds, particularly in challenging economic times.
**Editor:** It’s reported that these principalities are valued at around £1.8 billion. How does this valuation impact the ongoing conversation about royal funding and privileges?
**Dr. Montgomery:** The valuation emphasizes the contrasting financial realities of the monarchy versus the average citizen, especially given the current public service funding crisis. With properties and lands that generate substantial revenue yet are not contributing to tax revenues, critics feel it’s time for reevaluation of the royal financial structure. This not only pertains to how royal funds are used but also raises questions about accountability and the role that royal assets should play in supporting public services.
**Editor:** What changes, if any, do you think we could see in royal finances or public sentiment moving forward?
**Dr. Montgomery:** It’s difficult to predict, but I believe this scrutiny may lead to increased pressure for greater transparency and perhaps discussions about reforming royal finances. The monarchy may need to address these concerns openly to maintain public trust and support. Public sentiment appears to be shifting toward demanding more accountability, especially when taxpayer money is involved.
**Editor:** Thank you for sharing your insights, Dr. Montgomery. It’s a complex issue that will undoubtedly continue to unfold in the public eye.
**Dr. Montgomery:** Thank you for having me. It’s critical that we keep this conversation going as it impacts the essence of our democracy.
