Tax man will be all over the British royal baby - News Summed Up

Tax man will be all over the British royal baby


Becaus­e the baby will have dual nation­ality both Britis­h and Americ­anNEW YORK: Talk about being born with a silver spoon in your mouth: the royal baby of Prince Harry and Meghan Markle will have a particularly glittery one. That’s because the baby will have dual nationality: British because of his father and US from his American mother, whose official title is the duchess of Sussex. “This is the case with Meghan,” said Treitel, noting this case is a first in the British royal family. From the moment of birth, money deposited in banks by the royal parents – eager to ensure a bright future for their progeny – must be duly reported to the tax man. To a lesser extent, the British royal family cannot dodge its US tax obligations either: a flawed tax return can trigger hefty fines.


Source: The Express Tribune April 14, 2019 07:18 UTC



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