Because that is not technically what is happening.
Believe me I am not a royalist. But do think we need a real democracy before becoming a Republic. Getting rid of the royals will not speed that up. Just give more power to the current sovereign parliment.
What to many brits fail to realise is. The sovereign grant is funded entirely from the crown estates. The income from the crown estates is all paid to parliment. (Old trick G3 used to ensure the UK government was fiscally obliged to protect the family.)
At least 12% of that income must be returned to the family as a grant to support the duties of the crown. Including maintainace of the property.
So technically and legally the crown estates is a approx 15bln unique corperation defines by parliment as belonging to the crown. Owned in trust(sort of) by the current monarch.
It must return 12%+ to the monarch to support crown lands and crown tasks.
So if you think of it as any other property rich corp and ignore the crown part.
They are paying less taxes because there costs are higher over the next few years. It is just because the corps profits are given to the government unlike any other. The government has to return the costs for them to spend.
The Crown estates earned parliment around 450m last year. So the new grant represents about 25-30%
So the corp that is legally required to pay under 88% (ie at least 12% paid to support) is now paying 70-75% tax.
So why does he need 40 million extra of our money per year? Christ alive...
Because that is not technically what is happening.
Believe me I am not a royalist. But do think we need a real democracy before becoming a Republic. Getting rid of the royals will not speed that up. Just give more power to the current sovereign parliment.
What to many brits fail to realise is. The sovereign grant is funded entirely from the crown estates. The income from the crown estates is all paid to parliment. (Old trick G3 used to ensure the UK government was fiscally obliged to protect the family.)
At least 12% of that income must be returned to the family as a grant to support the duties of the crown. Including maintainace of the property.
So technically and legally the crown estates is a approx 15bln unique corperation defines by parliment as belonging to the crown. Owned in trust(sort of) by the current monarch.
It must return 12%+ to the monarch to support crown lands and crown tasks.
So if you think of it as any other property rich corp and ignore the crown part.
They are paying less taxes because there costs are higher over the next few years. It is just because the corps profits are given to the government unlike any other. The government has to return the costs for them to spend.
The Crown estates earned parliment around 450m last year. So the new grant represents about 25-30%
So the corp that is legally required to pay under 88% (ie at least 12% paid to support) is now paying 70-75% tax.