NATIONAL: Paradise Papers link Queen's private estate to offshore haven
A disclosure of 13.4 million documents, referred to as the Paradise Papers, found that the Queen’s private estate the Duchy of Lancaster had invested millions of pounds in offshore arrangements.
Around £10 million from the Queen’s private fund was paid into funds in the Cayman Islands and Bermuda between 2004 and 2005, according to reports.
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Hide AdThe Queen voluntarily pays tax on any income she receives from the Duchy.
A spokesman for the estate said: ‘We operate a number of investments and a few of these are with overseas funds.
‘All of our investments are fully audited and legitimate.’