February 13, 1993 |
Facing her first year as a taxpayer, Queen Elizabeth II hinted that she is prepared to make do with her old yacht. But the tax agreement announced a day earlier hasn't hushed all her critics, who refuse to accept her word that she isn't all that rich. "Down to her last 60 million pounds ($85 million)," sniped the Sun tabloid, Britain's largest-selling newspaper. Other newspapers worried about the decision to make the sovereign's train, planes and palaces tax-exempt.
December 19, 1987 |
Britain's Prince Charles lost nearly $13 million in the British stock market crash that began Oct. 19, coinciding with the U.S. crash, a British newspaper reported Friday. In the daily tabloid Today, market analysts estimated that stocks held by the Prince of Wales had soared in value to $40 million this year before shares on the London market plunged by about 30%. Prince Charles' overall personal worth was estimated at $220 million, largely from landholdings in the duchy of Cornwall.
July 6, 1991 |
Is she or isn't she the world's richest woman? And should or shouldn't she pay taxes on her income, just like everyone else? Those brash questions about Queen Elizabeth II were raised in Parliament this week by Liberal Party MP Simon Hughes in a move that reflected the opinion of a majority of citizens. More than 70% of Britons, polls show, believe her income should be subject to taxes.
December 27, 1993 |
Most Britons believe that the Royal Family should no longer be supported by taxpayers, according to a nationwide poll released Sunday. Reflecting broad dissatisfaction with the monarchy's financial benefits, the poll by the Sunday Observer showed that nearly three-fourths of those surveyed wish to drop state support for the Royal Family, which receives $15 million a year to cover expenses incurred during official duties.
April 30, 1993 |
Facing repair bills and few donations from her subjects, Queen Elizabeth II is opening Buckingham Palace to all comers to help pay for the restoration of her favorite weekend home, Windsor Castle. The announcement Thursday signaled another concession to changing times by the monarch. Earlier, she agreed to pay taxes after a public uproar over government plans to foot the repairs for the fire-damaged Windsor Castle. The government estimates that castle repairs from the Nov.
November 27, 1992 |
Queen Elizabeth II, one of the world's richest individuals, finally has succumbed to one of life's inevitabilities: Her Majesty now will pay taxes, British Prime Minister John Major told Parliament on Thursday. In his surprise announcement, Major also said the queen will bear more of the cost of maintaining the Royal Family.