DutchNews, May 4, 2016
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| Photo: Depositphotos.com |
The former Dutch
queen’s sister has closed down a trust fund based on the British tax haven of
Guernsey, the Volkskrant reports on Wednesday.
Princess Christina, who is the
sister of princess Beatrix but renounced her rights to the throne when she
became a Catholic, is said to have inherited tens of millions of euros from her
parents, queen mother Juliana and prince Bernhard.
The princess lives in London
and set up the Protector Daffodil Trust 10 years ago to avoid having to pay
British taxes. The trust was managed from Paleis Noordeinde, the royal
household’s work palace in The Hague.
The state information service RVD
declined to comment on why the trust has been closed down.
The Volkskrant did
not say if the princess’s second Guernsey trust fund, known as crocus, still
exists.
Although the Guernsey trust is not illegal in itself, MPs said at the
time Christina should act as a role model. ‘She should not be looking for
financial loopholes to avoid paying the full amount of tax,’ Labour MP Diederik
Samsom, who is now party leader, said.
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