
7. Secrets of the Royal Family's Money
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The much-awaited UK Coronation episode featuring King Charles III and Queen Camilla is not really about the Coronation (although we do dish on the details). It's about the Royal Family's heaping mass of wealth and their long history of hiding it, while demanding their subjects generously fund their lifestyles. Unbeknownst to many, the most sophisticated "legal" financial arrangements in the world take place on tax shelters that answer to the British Crown. Here's what we know about how the Royal Family makes its money, takes its money, and how they conceal it from the public by creating tax havens to serve themselves and the world's wealthiest people, multinational corporations and other royal families. Why should we care? Because these networks are enriching themselves while assiduously exploiting you.
Show notes:
https://www.thedailyupside.com/new-king-old-money/
https://www.independent.co.uk/news/uk/politics/paradise-papers-queen-offshore-investments-royal-family-duchy-lancaster-estate-millions-tax-avoidance-a8039636.html
https://www.thedailyupside.com/uk-king-warned-of-damage-caused-by-his-tax-havens/
https://www.theguardian.com/uk-news/2023/apr/05/how-the-british-royal-family-hides-its-wealth-from-public-scrutiny
https://www.institutionalinvestor.com/article/b1qwpnk6j1zv70/The-Heiress-the-Queen-and-the-Trillion-Dollar-Tax-Shelter