Pavilionaire
Well-known member
- Jul 7, 2003
- 31,194
At the very least, the Duchies of Lancaster and Cornwall should pay Corporation Tax to HMRC on the profits they make. These are private businesses owned by Charles and William, from which they derive private wealth. While Charles and William are not bound by law to pay income tax it is morally wrong that they can pick and choose how they wish to be taxed.Not sure what the issue is. The Duchies are privately owned 'businesses', admittedly they don't pay corporation tax at 25% but William and Charles do pay income tax on the income they receive .... at 45%. If government departments need to rent buildings what is the difference between paying rent to the Duchies and a private corporation probably with foreign shareholders ?
Additionally, both Duchies provide housing to many and farm tenancies - something you wouldn't get from large shareholder owned corporations.
I can think of a lot of other things to get all angry over.
Furthermore, is it still right that Charles and William should own vast stretches of land and coastline, so derive vast amounts of passive income in the form of rents?
Clearly, much of the profits are ploughed back into community and charitable causes but - again - does that make it right that they - rather than the people of the UK - are receiving the money in the first place?