There are still issues with this and so imho it is still worth bringing up.
One the payment is still voluntary and William is still allowed to deduct expenses, so as I said in my previous post, he may be paying tax but not transparently so and he is not subject to the same laws as the rest of us.
This means that although HMRC will be receiving revenue from him, his affairs are not subject to scrutiny by HMRC in the same way other business owners in the UK have to face.
Also, 45% to 47 % isn’t a huge amount honestly. Your averagely successful entrepreneur in France, Switzerland or Belgium will be paying at least 52% permitting them to live comfortably but not luxuriously like the POW.
The principle of all of this is important too because the Duchies are in reality huge corporations but are still taxed as though they are owned by medieval barons. It’s utterly ridiculous in this day and age. Why is this still necessary?
The Duchy of Cornwall makes roughly, at a conservative estimate, £20 million a year. William became POW in 2022. What happens when George takes over which he may well do within five to ten years? It is still very much a live issue.
I think this should all be transparent, especially when a proportion of the income is generated by wind farms along the coast, and by renting land to national institutions such as the NHS, the army and the prison service.
I agree with CathyorClaire that the selling off of land should be subject to more scrutiny. William may indeed have the best interests of British citizens and the environment by doing this and if so he should be applauded.
There again, he may be making as much profit as he can before changing the laws for his son. We just don’t know do we?
You choose to blindly trust JeffGoldblum an institution that has consistently chosen to cover up serious financial mismanagement by one of its own members who acted as Trade Envoy for eleven years despite the institution being informed by the Head of Intelligence and senior members of the Foreign Office that AMW was making personal deals off the back of his role. Something that in any other organisation would be known as fraud. They covered it up subsequently too. And that is leaving aside the Epstein connection. Why should we now trust their word on anything?
Also, it seems strange to me that when accusations about the Duchy of C are put to the RF, the response comes back that the POW is not allowed to personally benefit from the profits as they are held for the nation and yet apparently, at the very same time, William has the prerogative to sell some of it off? Isn’t that a strange juxtaposition? Who is overseeing all of this? The fact that we are forced once more to simply trust that they are doing this legitimately makes me uncomfortable.
If nothing else is learnt from the AMW debacle it is that further scrutiny and accountability should be the order of the day.
Again, I ask the question, if everything is completely above board, why is any secrecy necessary at all?