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Washington Post Quotes Dianne Mehany: Meghan Markle's U.S. Citizenship Could Cause Tax Headaches for British Royal Family
Caplin & Drysdale

Washington Post Quotes Dianne Mehany: Meghan Markle's U.S. Citizenship Could Cause Tax Headaches for British Royal Family

Date: 11/29/2017

It may seem like a modern fairy tale, but the upcoming wedding of Britain's Prince Harry to American actress Meghan Markle will come with some mundane hurdles. Perhaps most inconveniently for the British royals, this transatlantic partnership could end up involving the United States' Internal Revenue Service.

Though Markle's tax information would not become public once sent to the United States, it would leave the royal family open not only to IRS review but also the risk that the information could leak, according to Dianne C. Mehany, a tax attorney at Caplin & Drysdale. "It’s not outside the realm of possibility that a Form filed by the wife of a royal would draw increased scrutiny," Mehany said. The royal family's labyrinthine fiscal arrangements were already partially exposed by the Paradise Papers leak earlier this month, which revealed that Queen Elizabeth's estate has invested money in offshore tax havens.

To view the full article, please visit The Washington Post's website.

Excerpt taken from the article "Meghan Markle’s U.S. Citizenship Could Cause Tax Headaches for British Royal Family" by Adam Taylor for The Washington Post.

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