January 15, 2020
Senior royals are rarely seen filling out tax returns – not just because that would be a really weird time to get your picture taken, but because most of them are exempt from paying tax at all.
We Checked And, Yes, Harry And Meghan Will Have To Pay Tax
But Harry and Meghan’s announcement they will “step back” as “senior” members of the royal family has thrown up many a question – where will they live? What does the Queen think? Will Piers Morgan ever recover?
There’s also a fair bit of speculation about what this unprecedented situation actually entails, not least about their finances.
The couple plan to become “financially independent” – which, for Harry, means leaving behind the world of sovereign grants and other royal funding streams and stepping into the regular joe world of earnings and taxes. 
Let’s start with some crucial, but very basic, information.Citizenship and MeghanMeghan is a US citizen and as such is subject to US tax law, not ours. This would obviously change if she acquired British citizenship; at the time of their engagement in 2017, Kensington Palace said she would be applying.
The palace also said this would be through regular channels and there wouldn’t be any special treatment for the royal-to-be.
Someone applying for British citizenship must have been in the UK for five years before they can apply, meaning she still has a couple of years to wait.BUT – and it’s a big but – there has been no update on this process since the couple announced their plan to split their time between the UK and Canada.
And if they spend more than 270 days outside of the UK in the three years up to her application, Meghan will no longer be eligible at all.Citizenship and Prince Harry Harry, as you’ll no doubt be aware, is a British citizen. But he’s no ordinary British citizen – he’s a royal British citizen.
The royal family actually have tax-exempt status and, historically, members including the Queen have taken advantage of this perk of the job.
But this changed in the 1990s which was a bit of a... difficult decade for Her Maj and co, and public opinion was at a low point.
When Windsor Castle caught fire in 1992 there were concerns that taxpayers would have to foot the bill for the castle’s repairs.
Ultimately, the Queen agreed to pay 70% of the £36.5m costs by opening Buckingham Palace to the public for the first time to generate extra income. She also announced that she would pay income tax for the first time.Most of Harry’s money comes from Prince Charles’ Duchy of Cornwall income and the Prince of Wales has been a bit better on the tax front, voluntarily paying it since 1969.
But now Harry and Meghan have declared their wish to be “financially independent”, they are likely to be treated like the rest of us when it comes to tax.OK, so what does that mean?The most likely scenario is that Meghan will remain a US citizen for at least the next two or three years and be subject to US tax law, and that Harry will remain a UK citizen and become subject to UK tax law.Why is this the most likely scenario?Meghan doesn’t really have any other option right now as any application for British citizenship is still a while off.
Harry will remain a British citizen for the foreseeable future at the very least. Even though he’s bucked quite a few royal trends lately, applying for citizenship of another country would be a pretty bold move for a British prince.
And even if Harry or Meghan or both applied for Canadian citizenship, they would have to have lived in Canada for three out of the last five years so would still be a little way off.
As it stands, Meghan will only be liable to pay tax in the UK in limited scenarios as she is not “domiciled” in the UK – that is, treating it as her permanent home.
Dr Laura Sant, director at Carthy Accountants and part of the Experts for Expats network, told HuffPost UK: “Because she’s not domiciled in the UK she can only be taxed on the remittance basis of taxation.
“What this means is that any income she earns outside of the UK, as long as she doesn’t physically remit it into the UK – bring it in in cash, or buy a really expensive painting and bring that into the UK – then that would remain outside the scope of UK taxation.”
If she does earn any money in the UK, it would be subject to UK tax laws but also to something called a double tax treaty – but we’ll come to those in a bit.What does British tax law say about people earning loads of money abroad?Quite a lot, as you might expect.
But first we need to introduce you to a couple of terms. 
First up, residency.
It’s not so much about citizenship and domicile, it’s about the residency conditions. If Harry’s going to be splitting his time and spending at least six months of the year in the UK, he’s going to remain a UK tax resident.
The UK and Canada have similar rules about what qualifies you as a tax-paying resident of both countries.
It can vary from person to person but generally speaking, if you spend 183 days (that is, more than half a year) in either, you are a tax resident of that country and have to pay tax in that country. 
Harry and Meghan have so far only said they will “balance their time” between the UK and Canada. If it turns out that means spending 183 or more days of the year in Canada, then this entire article is null and void and we’ll have to write another one.
So let’s assume they will be spending most of the year in the UK, which does seem more likely at this stage.
The second term is DTTs, or double tax treaties. They’re a bit complicated and boring so we’ll keep it simple.
“The UK has DTTs with most countries in the world and they are set up so individuals aren’t subject to tax in more than one country,” says Lant.
And that is essentially it. OK, what about all that money Harry is going to earn?One of the more plausible forms of money-making for Harry would be public speaking so let’s imagine he’s off to the US for a speaking tour. Lant says: “As a starting point, the US would want to tax it.
“You then have to look at the DTT between the UK and the US to see whether the US do have a right to tax him and then the UK would want to tax him as well.
“As long as there is a DTT between the UK and the country he is doing the work in, then he should be relieved from double taxation.”Give me the bottom lineMeghan won’t pay UK taxes and she never has anyway.
Harry will most likely start paying UK taxes even if he spends a lot of time in Canada and earns money while touring the world.Related... Exclusive: Meghan Markle Targeted By Hundreds Of Racist And Sexist Tweets Amid Plan To Step Back Jeremy Corbyn Slams 'Racial Undertone' Of Meghan Media Coverage Does Canada Have A Responsibility To Pay For Harry And Meghan?
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Star Wars Director Says It's About Time A Woman Makes A Star Wars Movie
Jan 02, 2024
Oscar-winning documentary filmmaker Sharmeed Obaid-Chinoy is directing an upcoming Star Wars movie that brings back Daisy Ridley in the role of Rey. Obaid-Chinoy will become the first woman to direct a Star Wars film, dating back to the franchise's origins in the 1970s. Speaking about this, Obaid-Chinoy told CNN that she is "very thrilled" to make the movie and create something that is "very special.""We're in 2024 now, and I think it's about time we had a woman come forward to shape the story in a galaxy far, far away," she said.Obaid-Chinoy won Best Documentary, Short Subjects Academy Awards for Saving Face (2012) and A Girl in the River: The Price of Forgiveness (2015).In 2020, Lucasfilm boss Kathleen Kennedy told the BBC that a woman would eventually direct a Star Wars movie, saying that would "absolutely" happen, "without question." Victoria Mahoney was a second unit director on The Rise of Skywalker, but a woman has never claimed a top directing credit on a Star Wars movie.On the TV side of things, The Mandalorian has featured a number of female directors, including Deborah Chow and Bryce Dallas Howard. Chow went on to direct the Obi-Wan TV series, too.Another high-profile franchise that has never had a female director is James Bond. Producer Barbara Broccoli and Skyfall director Sam Mendes have both said they want to see a woman direct a future 007 film.As for Obaid-Chinoy's Star Wars movie, little is known about it apart from the fact that Ridley will come back to play Rey. It is expected that this film will be the first of the three new Star Wars films to come to theaters, possibly releasing in December 2025.According to a report, Peaky Blinders creator Steven Knight is writing the Rey movie, taking over for Damon Lindelof and Justin Britt-Gibson.
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NBA Names Clare Akamanzi CEO Of NBA Africa
Jan 02, 2024 15:29
The NBA named Clare Akamanzi – an accomplished business executive and international trade and investment lawyer – as CEO of NBA Africa. Akamanzi will start her position on Jan. 23, 2024, and report to NBA Deputy Commissioner and Chief Operating Officer Mark Tatum. In this role, Akamanzi will oversee the NBA’s business and basketball development efforts in Africa and will be responsible for continuing to grow the popularity of basketball, the NBA and the Basketball Africa League (BAL) across the continent, including through grassroots basketball development, media distribution, corporate partnerships, and social responsibility initiatives that improve the livelihoods of African youth and families. For the last six and a half years, Akamanzi was CEO of Rwanda Development Board (RDB), where she spearheaded Rwanda’s economic development by enabling private sector growth. Under Akamanzi’s leadership, RDB implemented several business policy reforms and initiatives that led to significant investment and development for the country, including through partnerships with the BAL, Arsenal FC, Paris Saint-Germain FC, FC Bayern Munich and TIME Magazine, among others. “Clare’s business acumen, international experience and familiarity with basketball and the NBA make her the ideal executive to lead our business in Africa,” says Tatum. “NBA Africa and the Basketball Africa League are well-positioned for continued growth, and under Clare’s leadership we believe these initiatives will transform economies, communities and lives across the continent.” “I’ve seen firsthand how sports can positively impact businesses, families and communities in Africa, and the NBA and the BAL are a perfect example of that,” says Akamanzi. “The NBA has done an incredible job growing basketball and the economy around it across the continent, and I’m excited about the enormous opportunities ahead to build on that momentum.” Previously, Akamanzi was Chief Operating Officer of RDB and Head of Strategy and Policy Unit, Office of the President of the Republic of Rwanda. She has extensive international trade, business and diplomatic experience, having previously worked for the Rwandan Government at the World Trade Organization in Geneva, Switzerland and at the Rwandan Embassy in London, England. Akamanzi has worked or studied in seven different countries and holds an honorary LLD from Concordia University in Montreal, Canada, in recognition of her work in Rwanda. She earned a master’s degree in public administration from Harvard University’s Kennedy School of Government in Cambridge, Massachusetts, where she was the recipient of three prestigious awards for academic excellence and distinguished contribution to the community: the Lucius N. Littauer Fellows Award, the Raymond & Josephine Vernon Award and the Robert Kennedy Public Service Award. In addition, Akamanzi holds a Master of Laws degree in international trade and investments from the University of Pretoria in South Africa, and a Bachelor of Laws degree from Makerere University in Kampala, Uganda. Akamanzi has served on several company boards, including the World Health Organization (WHO) Foundation, ECOBANK and Aviation, Travel and Logistics (ATL) company. She was recognized by Forbes as one of Africa’s Top 50 Powerful Women in 2020.
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