Britain’s Queen Elizabeth II invested offshore has invested about $ 13 million. offshore. This is stated in the documents Paradise Papers published by journalists.
It is reported that funds in the Cayman Islands and Bermuda have invested the Duchy of Lancaster that the Queen provides income and manages investments within its private ownership of 500 million pounds.
In addition, it is noted that in these investments, there is nothing illegal, as there is no evidence that the Queen does not pay taxes. However, the question may arise whether the monarch to invest offshore.
A small exposure of the Queen discovered in the leasing company, BrightHouse, which was accused of the acquisition on the poor and Threshers – British chain of stores went bankrupt, owing £ 17.5 million of taxes and having left without work of 6 thousand people.
The Duchy stated that it was not involved in the decisions made by the funds, and there is no evidence that the Queen also had any information about the individual investments made on its behalf.
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