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Category: Legal
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The Government asked an eminent firm to prepare an estimate of what taxes would have been due had the Greek Royal Family been liable to tax over the period of more than a century.
However, the Greek Royal Family was exempt from taxes by Law until 1974. It is important to note, that in return for non payment of tax, the King was personally liable for all incurring expenses, including running of the palaces and maintenance, personnel, transportation, entertaining foreign dignitaries and state visits. All of the above are today paid by the Greek taxpayer for the President of the Republic.
Furthermore, Greek Law and the Greek Constitution prohibit the retrospective imposition of taxes, so the exercise of calculating fictitious taxes by the Greek Government was a completely futile one. No taxes were or are owed by the former King. |
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