Prince William Faces £7 Million Tax Bill Due to Duchy of Cornwall Earnings
Prince William, the Prince of Wales, is reported to be one of Britain's top taxpayers, largely due to his earnings from the Duchy of Cornwall. According to an investigation by the Sunday Times, Prince William has a £7 million income tax bill. The Duchy of Cornwall, along with the Duchy of Lancaster, generates significant income by charging entities like the army, navy, NHS, and schools for land use. This financial aspect of the Duchies highlights the substantial economic role they play in the royal family's income. The report also notes that the Prince and Princess of Wales shared a photo of their daughter, Princess Charlotte, to mark her 11th birthday, which was featured on the front pages of several newspapers.