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    Prince Charles's £19m-a-year Duchy of Cornwall estate should face tax scrutiny, MPs say

    Prince Charles's burgeoning estate of land, properties and businesses, which generate £19m of personal income each year, should be investigated for tax purposes, an influential committee of MPs has claimed.

    The Treasury has been urged to look at whether the Duchy of Cornwall has an "unfair advantage" over commercial rivals, because its royal status gives it exemption from corporation tax and capital gains tax.

    In a far-reaching report on the Duchy of Cornwall's accounts, the House of Commons Public Accounts Committee (PAC) called for the Prince's income tax arrangements to be opened up to scrutiny to improve transparency

    Full story Independent.

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