Jeremy Corbyn suggests Queen should apologise after investing millions offshore
Jeremy Corbyn has implied that the Queen should apologise if her private estate invested £10m of her fortune in an offshore tax haven to avoid paying tax in Britain.
Asked whether the monarch should say sorry over her investments, the Labour leader said anyone putting money offshore to avoid tax should do so and also “recognise what it does to our society”.
It comes after a major leak of 13.4 million documents dubbed the Paradise Papers – which reveal the financial affairs of the global elite.
The Duchy of Lancaster, the private estate of the Queen, was found to have millions of pounds invested in offshore arrangements in the Cayman Islands and Bermuda between 2004 and 2005. There is no suggestion that those involved acted illegally.
The papers also traced a small portion ...