Duke and Duchess of Palma 'offset son's birthday as expenses' against tax declaration
Saturday, May 4, 2013 @ 12:22 AM
KING Juan Carlos' daughter and son-in-law offset their son's birthday party and presents as 'business expenses' when declaring the tax for their company, Aizoon.
Iñaki Urdangarín and the Infanta Cristina, the Duke and Duchess of Palma, supplied an invoice from a company which organises children's parties to reduce their tax bill for the company the owned, according to the Spanish press.
The date of the invoice, May 1, 2007, means it would tie in with the birthday of their third child, Miguel.
It has come to light that other personal expenses were often offset against the company's tax obligations, since the judge handling the infamous Nóos case called for the couple to present their last 10 tax returns.
Read more at thinkSPAIN.com