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God Save the Queen. Paradise Papers Revelation

Nov 27, 2017

Offshore leaks have always been incriminating for politicians, influential businessmen and other celebrities. November 2017 has become a month that revealed even more hidden information than we could have thought of. The Panama Papers, that became a leak in early 2016, blackened the reputation of many individuals and companies. Now is the time for the Paradise Papers and we are on it to analyze deeper.

Leaked documents were published on November 5, and the International Consortium of Investigative Journalists reported its contents. Offshore funds investment is not an illegal action and it does not mean that the investor had done anything wrong. Unfortunately, some businessmen prefer law circumvention to avoid taxes. This makes everyone think that the offshore investments are something to judge for.

It is not a big secret that the UK admires its Queen - a lot. Considering this, Paradise Papers become real shock for the British citizens. The Duchy of Lancaster, one of the Queen’s income providers, has been revealed as the Cayman Islands and Bermuda investor. Investment amount is about £10 million, which is equal to $13.1 million.

It is important to understand that this investment means no accusation. On the contrary, this means that the Queen knows how to manage business processes inside the country and outside the domestic jurisdiction as well. Such revelation may become potentially dangerous for the reputation but the main question is whether all legal matters are considered. Journalists also asked the Duchy of Lancaster to comment on this matter and explain more details on the offshore investment. The Duchy stated that all these overseas investments are completely legal. Moreover, even though the Queen is exempt of taxation, the Royal family voluntarily pays income tax from the Cayman Islands and Bermuda estates.

However, there is one part of the investment that went to an unreliable fund. The money returned to the British retail company afterwards who was been sued and is considered as controversial now. It is one more proof that you have to choose your counterparty very carefully to know where the investment goes.

We have to remind once more, that having an offshore investment is not a misuse of funds or improper action or the law breach. The main idea is to follow government’s rules and invest wisely. Offshorelicense Ltd can easily help you with investment consultations on reliable jurisdictions, companies and other matters. There are many variations of legitimate offshore uses. And now we can conclude that even the Queen knows about it!

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