LONDON: Newly leaked papers revealed Sunday that Britain’s Queen Elizabeth II has invested some of her private money in offshore tax havens.
According to documents obtained by the International Consortium of Journalists, the queen’s investment managers placed roughly £10 million ($13 million) in offshore portfolios in the Cayman Islands and Bermuda.
The investments were made in 2004 and 2005 by the Duchy of Lancaster, the queen’s private financial manager.
The Duchy of Lancaster, which holds assets for the British monarch to generate income for her, confirmed in a statement that some of its investments are in overseas accounts.
It said that all its investments were legitimate.
“We operate a number of investments and a few of these are with overseas funds. All of our investments are fully audited and legitimate,” it said.
The documents showed that the queen has roughly £3,200 invested in BrightHouse, a household goods and electronics retailer that has been accused of exploiting customers by charging high interest rates.
Her use of offshore tax havens is likely to generate criticism from activists seeking to abolish the monarchy in favor of a republic.
The queen pays taxes on the income generated by her holdings in the Duchy of Lancaster.
She has vast financial assets, including luxury real estate, valuable artwork and jewelry.
She is also the legal owner of many of the swans on the River Thames.
The documents about Elizabeth’s financial holdings are part of a tranche of some 13.4 million records of offshore accounts leaked to German newspaper Süddeutsche Zeitung and shared with the International Consortium of Journalists and a network of more than 380 journalists in 67 countries.
Labour Party leader Jeremy Corbyn said the widespread use of offshore havens by wealthy individuals in dozens of countries proves “there’s one rule for the super-rich and another for the rest when it comes to paying tax.”
Reports: Queen Elizabeth has investments in offshore tax havens
Reports: Queen Elizabeth has investments in offshore tax havens
Militants kill 6 officers and a civilian in ambushes on police vehicles in northwest Pakistan
- Assailants ambushed a police vehicle and killed one officer in Kohat — When police reinforcements arrived minutes later, they launched another attack and killed five more officers and a civilian
- No group claimed responsibility for this week’s attacks, but suspicion may fall on the Pakistani Taliban, also known as Tehrik-e-Taliban Pakistan, or the TTP
PESHAWAR, Pakistan: A pair of attacks on police vehicles by suspected militants killed at least six police officers and a civilian in northwest Pakistan on Tuesday, authorities said.
The assailants ambushed a police vehicle and killed one officer in Kohat, a district in Khyber Pakhtunkhwa province. When police reinforcements arrived minutes later, they launched another attack and killed five more officers and a civilian, police official Kamran Khan said.
Separately on Tuesday, a suicide bomber detonated explosives at a police post in Bukkur, a district in eastern Punjab province, killing two officers and wounding four others, police official Shahzad Rafiq said.
He provided no further details and only said officers were still investigating.
No group immediately claimed responsibility for the attacks, which have increased across the country in recent months.
President Asif Ali Zardari condemned the attacks in Kohat and Bukkur and offered condolences to the victims’ families.
The latest violence followed an attack on a paramilitary post in Karak on Monday, when a drone loaded with explosives wounded several officers. The attackers later ambushed two ambulances transporting the wounded, killing three officers and burning their bodies before fleeing. The driver of the second ambulance transported several wounded officers despite suffering burn injuries and authorities recovered the remains of the three officers.
No group claimed responsibility for this week’s attacks, but suspicion may fall on the Pakistani Taliban, also known as Tehrik-e-Taliban Pakistan, or the TTP. The TTP is separate from, but closely allied with, Afghanistan’s Taliban. Islamabad has accused the group of operating from inside Afghanistan, a claim the TTP and Kabul deny.
Pakistan’s military said it killed at least 70 militants on Sunday in strikes along the Afghan border, targeting hideouts of Pakistani militants blamed for recent attacks inside the country.
The assailants ambushed a police vehicle and killed one officer in Kohat, a district in Khyber Pakhtunkhwa province. When police reinforcements arrived minutes later, they launched another attack and killed five more officers and a civilian, police official Kamran Khan said.
Separately on Tuesday, a suicide bomber detonated explosives at a police post in Bukkur, a district in eastern Punjab province, killing two officers and wounding four others, police official Shahzad Rafiq said.
He provided no further details and only said officers were still investigating.
No group immediately claimed responsibility for the attacks, which have increased across the country in recent months.
President Asif Ali Zardari condemned the attacks in Kohat and Bukkur and offered condolences to the victims’ families.
The latest violence followed an attack on a paramilitary post in Karak on Monday, when a drone loaded with explosives wounded several officers. The attackers later ambushed two ambulances transporting the wounded, killing three officers and burning their bodies before fleeing. The driver of the second ambulance transported several wounded officers despite suffering burn injuries and authorities recovered the remains of the three officers.
No group claimed responsibility for this week’s attacks, but suspicion may fall on the Pakistani Taliban, also known as Tehrik-e-Taliban Pakistan, or the TTP. The TTP is separate from, but closely allied with, Afghanistan’s Taliban. Islamabad has accused the group of operating from inside Afghanistan, a claim the TTP and Kabul deny.
Pakistan’s military said it killed at least 70 militants on Sunday in strikes along the Afghan border, targeting hideouts of Pakistani militants blamed for recent attacks inside the country.
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