Prince Harry Faces Major Setback Despite ‘Monumental’ Legal Victory in the UK Prince Harry has encountered a significant setback, despite se...
Prince Harry Faces Major Setback Despite ‘Monumental’ Legal Victory in the UK
Prince Harry has encountered a significant setback, despite securing a 'monumental' victory in his lawsuit against Rupert Murdoch's British newspaper group.
To provide some context, the Duke of Sussex filed a case against News Group Newspapers over allegations of unlawful information gathering. Before the trial even began, Harry and the British newspaper officials reached a settlement, with the publisher agreeing to pay him a substantial amount in damages and issuing a public apology for their wrongdoing.
While Harry celebrated this big win, new troubles quickly emerged.According to Richard Eden, royal commentator for the *Daily Mail*, much of the Duke’s damages are expected to go towards paying his lawyer’s fees, and the remainder could be taxed in the United States.
An insider revealed, “As a U.S. resident, Harry is required to pay taxes on his worldwide income, unless it's been taxed in Britain.” The source went on to explain the issue: “Here’s the sting in the tail—legal damages are not taxed in the UK.”
In addition, the *BBC* reported that the "substantial damages" paid to Prince Harry were "estimated to be at least £10 million each."
Despite his win, it seems Harry's legal victory might not be as financially rewarding as initially thought, as he faces the complex reality of taxes in the U.S.
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