How former Belgian Queen Fabiola Dodges Inherentance Taxes

Widow since 1993, the Queen received 26,988,036 Euros (USD 35,246,375 at the current exchange rate) of public funding in twenty years. She also inherited a substantial portion of the assets of King Baudouin after his death. Having no direct heir, the inheritance tax on the fortunes of the queen would have been taxed at 70%. The creation of a private "foundation" allows her to avoid this pitfall.

So much for the rest of us common mortals who have to pay 70%. You must also know that the royal family does not pay income tax, property tax or sales tax. They have full diplomatic immunity and cannot be prosecuted.

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They all have funky ways to dodge taxes or get lots of money. Maybe ATS readers remember this:

Sarah Ferguson

A nice thing to remember when you wake up early in the morning for that long commute to work so that you can make just enough money to pay all your bills, if you are lucky enough.

reply to post by WhereIsTheBatman


Ive got a Pommie mate who works for a finance company and was disgusted by UK tax laws.

70% inheritance tax, losing your self funded pension when you die as well as a few others Ive forgotten.

To poms with any money, what you need to do is move O/S for a year and set up a pension fund out of your country, you save a fortune in tax and when you die your children will get as opposed to your government.