UK Prime Minister Theresa May said on Monday she wants “everyone to pay her taxes,” after an international investigation revealed several names of politicians and celebrities who have assets in tax havens, including Queen Elizabeth II.
The conservative leader said his government works “to improve transparency” in tax havens – many of which are overseas territories of the United Kingdom – to meet, for example, the true owners of the façade societies.
May assured that the British Treasury is raising more taxes than ever thanks to the greater resources earmarked and committed to continue fighting tax evasion, because “everyone pay taxes due.”
Queen Elizabeth II is among the 127 political and celebrity leaders who have been linked to companies in tax havens in an international journalistic investigation called “Paradise Papers”, which was broadcast simultaneously by several media outlets, including the British “The Guardian” and “BBC”.
The investigation, coordinated by the International Consortium of Investigative Journalists (ICIJ), revealed that the sovereign has a “private revenue that comes mainly from Lancaster,” the duo that invested $ 7.5 million in Dover Street VI Cayman Fund LP in 2005 “.
In addition to this fund based in the Cayman Islands, the BBC has stated that the duchy also invested £ 5 million ($ 6.5 million) in the Jubilee Absolute Return Fund Ltd. in Bermuda, another British overseas territory which is considered a fiscal paradise.