Queen should say sorry and be investigated over offshore cash - Corbyn

Queen should say sorry and be investigated over offshore cash - Corbyn

Queen should say sorry and be investigated over offshore cash - Corbyn

Such schemes are legal, but "questions may be asked about whether the monarch should be investing offshore", the broadcaster said. We continue our conversation with Frederik Obermaier, co-author of the Paradise Papers.

Elsewhere, the Duchy has investments in a number of overseas funds, including one in Ireland.

The Dover Street VI fund closed December 2014 and has sold off its holdings and remunerated investors since, although based on available data it's unclear what the Duchy has received - although a June 2008 letter included in the leak shows the Duchy was entitled to US$361,367, on which it paid - 0.4 percent (US$1,505) tax. It said that all its investments were legitimate. Yet we have no way of knowing if undue influence has been used by the royal household to protect these investments.

Paddy Houlihan, who plays Dermot in the show, Fiona O'Carroll, who plays Maria and Martin Delany who stars as Trevor, made use of a scheme that used trusts based in Mauritius and a series of loans and consultancy payments to reduce the tax they paid in the United Kingdom and Ireland, the Guardian reported.

Former Conservative deputy chairman, Michael Ashcroft, widely known as Lord Ashcroft, was also identified in the papers.

In 2011, protesters inflated a giant balloon reading "U Pay Tax 2?" during U2's set at the Glastonbury Festival.

A spokesman for Mr Corbyn later tried to say he had not called for the queen to apologise.

"HMRC is already able to see more information about the ownership of shell companies, for example, so that they can ensure that people are paying their tax".

The Duchy does not use taxpayer funds, nor does it pay taxes.

"The Duchy s investment policy is based on advice and recommendations from our investment consultants and asset allocation rather than tax strategy", said Chris Adcock, the duchy's chief finance officer.

Beyond the United Kingdom, the White House was hit by suggestions that it has ties to Russian Federation. That puts her in distinguished company of members of Donald Trump's cabinet, Madonna and some of the world's biggest firms, including Apple and Facebook.

But he told reporters during a trade visit to London it would be "incorrect" to characterise Navigator's relationship with Sibur, a gas company co-owned by Kirill Shamalov, who is married to Mr Putin's daughter, as a partnership of any kind.

The Queen's private estate has been revealed to have invested millions of pounds in BrightHouse the retail chain criticised for exploiting financially vulnerable people, alongside the collapsed off-license retailer Threshers.

The International Consortium of Investigative Journalists oversaw the project.

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