Friday, April 16, 2021

Juan Carlos pays more than four million euros to the Spanish tax authorities

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Sergio Barrenechea / EPA

The Spanish emeritus king, exiled in the United Arab Emirates and targeted by several judicial inquiries, paid a tax debt of more than four million euros.

Juan Carlos I’s lawyer, Javier Sánchez-Junco, confirmed this Friday in a statement quoted by the newspaper The country, that the emeritus king presented a second tax settlement No value of 4,395,901.96 euros.

Late taxes were levied on the value of flights that the king benefited until 2018 from a private jet airline that he did not declare.

In December last year, the former sovereign, who reigned from 1975 to 2014, had already voluntarily paid a first tranche of taxes of almost 680 thousand euros.

This debt occurred after a tax declaration on previously undeclared income, which, according to the Spanish newspaper, amounted to more than eight million euros.

In November, an anti-corruption investigation on the former monarch’s use of credit cards linked to bank accounts in the name of a Mexican businessman and a Spanish Air Force officer.

According to judicial sources, this investigation aims to determine whether the emeritus king used candidates for money laundering after 2014, the date of his abdication and, therefore, the end of his immunity as head of state. Two other judicial investigations target the former monarch’s finances.

One aims to determine whether Juan Carlos pocketed a commission in the context of awarding a contract to Spanish companies to build a high-speed train in Saudi Arabia in 2011.

The other investigation was opened after denouncing the money laundering prevention service and entrusted to the Supreme Federal Court, the only one empowered to try a former sovereign.

Juan Carlos decided to go live for the UAE in August last year, four months after Felipe VI deprived his father of a public subsidy of almost 200 thousand euros a year, while renouncing any inheritance that could correspond to his accounts abroad.

The emeritus king has been involved in a judicial investigation since the summer of 2018, when Swiss police officers were sent by a judge to review the accounts of an allegedly illegal fund manager in tax havens, where he has personal investments.

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