Thursday, December 10, 2020

Spain’s Juan Carlos Makes a Big Tax Payment amid New Financial Probe

THE NEW YORK TIMES: The former king of Spain paid about $820,000, his lawyer said. He did not say why, but the news came amid the latest investigation into possible financial wrongdoing by Juan Carlos.

MADRID — King Juan Carlos, Spain’s former monarch, has paid about $820,000 in back taxes, his lawyer said on Wednesday, amid an investigation by prosecutors into whether he and other members of the royal family used bank accounts in other people’s names to hide assets from the tax authorities[.]

The king’s lawyer, Javier Sánchez-Junco Mans, did not say why or when Juan Carlos had made the payment. But the announcement came just a month after Spanish media revealed an investigation into possible tax evasion and money laundering based on the former king and his relatives using those bank accounts to pay their credit card charges.

The anticorruption prosecutor’s office has confirmed the existence of a new case involving the king, but has not elaborated. He was already the subject of another investigation by the same office. » | Raphael Minder | Wednesday, December 9, 2020