More Tax Trouble For Spanish Royals

  June 7, 2016 at 3:54 pm by

The Spanish media reported that even more Spanish royals have some explaining to do. Four more royals have been added to the -long- list of Spanish royals that have been evading taxes. This time  Infanta Alicia of Spain, Princess of the Two Sicilies, née Princess of Bourbon-Parma (98) is named. The princess is a great-aunt of king Felipe VI. Apart from Infanta Alicia also her son, the late infante Carlos, duke of Calabria ánd those of two of her grandchildren (Prince Pedro, duke of Calabria and Princess Cristina of the Two Sicilies) have benifitted from a 2012 amnesty on tax evasion..The Castellana Papers”

The princess and her son and grandchildren paid less than two percent to Spain’s treasury in order to make their previously hidden income official. In 2012 they benefitted from an amnesty on tax evasion to ‘regularize’ previously undeclared assets worth over €4 million.

According to The Local the four royals paid €73,437 to the tax office to declare €4,000,186 held in the Swiss bank Lombard Odier. The newspaper reports that:

It emerged that the four royal relatives had paid just 1.8 percent of the €4m in order to avoid tax evasion penalties during a time when Spaniards were being asked to tighten their own belts as the nation fought to stave off a bail-out.

The huge sum was reportedly inherited from the estate of María Cristina de Borbón-Parma Habsburgo, who was the niece of king Alfonso XIII (who reigned from 1886-1931).

Two weeks ago it appeared that Princess Inès of the Two Sicilies, youngest daughter of Infanta Alicia, is being investigated by tax services for tax evasion. Two months ago the Infanta Pilar was named in the Panama papers. King Felipe VI’s sister Infanta Crisitna and her husband are in the middle of a court trial for embezzlement and fraud.

Infanta Alicia and companion

Read the entire article from The Local here.

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