Taxes have become a spectator sport, maybe even the sport of kings. A Spanish court has approved tax fraud charges against Princess Cristina de Borbón, sister to King Felipe VI. It should be an unprecedented criminal trial given the pending two counts of tax fraud. It is conceivable, though unlikely, that the princess could be allowed to settle her case by paying back taxes.
The case is more about Cristina’s husband, Iñaki Urdangarin, charged with fraud, falsifying documents and embezzlement. The former Olympic handball player later ran the charitable Nóos Institute, which is accused of siphoning 5.8 million euros in public funds and funneling it into private companies and offshore tax havens. Princess Cristina was a board member of the institute and owned another company, Aizoon, with her husband.
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