Prince Harry and Meghan Markle are very concerned that having too many kids will ultimately lead to global climate catastrophe (flying on private jets is another story). But theyâre not so woke that they canât appreciate the value of trying to avoid paying lots of taxes:
The Duchess of Sussex has moved her business to a US state used by the super-rich to protect their interests from scrutiny https://t.co/KI6ZnMzzyh
â The Telegraph (@Telegraph) January 14, 2020
More from the Telegraph:
The Duchessâs company Frim Fram Inc was moved out of California in December and incorporated in Delaware, which tax experts suggest could be done to avoid being hit with tax liabilities in California.
Corporation filings seen byÂ The TelegraphÂ show that the move was made on New Yearâs Eve, while Meghan and her husband were taking a break in Canada, planning toÂ quit their roles as âseniorâ royalsÂ and become financially independent.
âYou would want to do it on New Yearâs Eve simply because if you go one minute into the next year you would owe some taxes to California for the year of 2020,â said Alan Stachura, from financial services firm Wolters Kluwer.
âIt could be a double whammy depending on what the cost of those taxes are. Typically the expectation would be that taxes would be higher in California than Delaware.â
â Pradheep J. Shanker (@Neoavatara) January 14, 2020
â Maria (@MariaLCAb) January 14, 2020
Hey, man. We donât blame Meghan Markle for wanting to keep more of her money. But itâd be nice if we could be spared future lectures from the Duke and Duchess of Sussex.
A scheming capitalist. Huh. Liking her more.
Not very woke, tho. https://t.co/HrNyZlnwV4
â Melissa Mackenzie ? (@MelissaTweets) January 14, 2020
Thought she was supposed to be woke af?
â rniportal (@rniportal) January 14, 2020