Tax Avoidance Scheme By Prince Charles

Every wealthy person and successful companies are engaged in legitimate tax deduction all over the world. “Only little people pay tax”.

Supposed tax avoidance has been a hot topic in Britain and the U.K. government has gone after corporate giants such as Google, Amazon and Starbucks, alleging they have all found ways of not paying tax.

They recently focused their attention on the tax deduction strategy of Prince Charles.

According to reports Prince Charles has a complicated business holding comprised of agricultural, commercial and residential lands in U.K. under a holding company called Duchy of Cornwall. The assets of the holding company are valued at $1.2 billion and it does not pay any income tax to the U.K. government. more »