Since News Group Newspapers settled with Prince Harry, there’s obviously been a lot of analysis about what it all means and how the Murdochs blinked. There’s also been a lot of talk about the actual amount of the settlement. Everyone has confirmed that the settlement is “massive” and “eight figures.” People Magazine and several British outlets have suggested that the amount is closer to the lower end of eight figures, meaning something in the vicinity of $10-12 million. I have a hard time believing that, even if I acknowledge that British awards and settlements are much lower than Americans believe. I just think that $10 million is a waste of time, given the legal fees and the five-year-plus battle. I did want to point out this tidbit in the New York Times’s coverage, which I found interesting:
Yet moments before the trial began, Harry agreed to a settlement worth at least 10 million pounds ($12.3 million). As Piers Morgan, a broadcaster and vocal critic of the prince, posted on social media, “So ‘moral crusader’ Prince Harry took the cash.”
Harry has not said what he plans to do with the money. His legal bills will be formidable, though Daniel Taylor, a media lawyer, said these are usually covered by the party offering the settlement in a separate payment. He has not commented beyond a statement that was read out for him by Mr. Sherborne.
That’s significant, if the settlement was structured so that Harry’s legal bills are fully paid by NGN and then Harry gets a financial settlement on top of that. I bring this up because the Mail’s Richard Eden has some big breaking news: Harry will have to pay taxes in America on his settlement money.
The Duke of Sussex’s settlement with The Sun’s publisher was described as a ‘monumental victory’ by his barrister David Sherborne on Wednesday. But how much of the payout, understood to be in excess of £10million, will Prince Harry pocket?
The majority is thought to be to pay his lawyers’ fees. And what remains will, I hear, have to be shared with Donald Trump’s administration.
‘As a US resident Harry has to pay tax on his worldwide income unless it’s been taxed in Britain,’ a source says. ‘And here’s the sting in the tail: legal damages are not taxed in the UK.’
Ah, so Prince William didn’t have to pay taxes on the $1 million he took under the table from NGN then? Good to know. Yeah, anyway, news at seven, as a permanent resident (or whatever Harry’s status is here), Harry will pay taxes.
Photos courtesy of Avalon Red, Backgrid.
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- Prince Harry arrives at The Royal Courts Of Justice in London, England, UK on Tuesday 28 March, 2023. He is part of a group suing the Associated Newspapers Ltd (ANL) in the High Court over phone hacking allegations.,Image: 765639969, License: Rights-managed, Restrictions: Please credit photographer and agency when publishing as Justin Ng/UPPA/Avalon., Model Release: no, Credit line: Justin Ng / Avalon
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- Prince Harry arrives at The Royal Courts Of Justice in London, England, UK on Thursday 30 March, 2023. He is part of a group suing the Associated Newspapers Ltd (ANL) in the High Court over phone hacking allegations.,Image: 766139764, License: Rights-managed, Restrictions: Please credit photographer and agency when publishing as Justin Ng/UPPA/Avalon., Model Release: no, Credit line: Justin Ng / Avalon
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- Prince Harry The Duke Of Sussex departs The Rolls Building – Royal Courts Of Justice in London, England, UK on Wednesday 7 June, 2023 as part of the Mirror Group newspapers (MGN) phone hacking trial.,Image: 782000590, License: Rights-managed, Restrictions: Please credit photographer and agency when publishing as Justin Ng/UPPA/Avalon., Model Release: no, Credit line: Justin Ng / Avalon
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- Prince Harry The Duke Of Sussex departs The Rolls Building – Royal Courts Of Justice in London, England, UK on Wednesday 7 June, 2023 as part of the Mirror Group newspapers (MGN) phone hacking trial.,Image: 782000626, License: Rights-managed, Restrictions: Please credit photographer and agency when publishing as Justin Ng/UPPA/Avalon., Model Release: no, Credit line: Justin Ng / Avalon
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- London, UNITED KINGDOM – Prince Harry pictured leaving the Royal Court of Justice in London. Pictured: Prince Harry BACKGRID USA 27 MARCH 2023 BYLINE MUST READ: Mario Pietrangeli / BACKGRID USA: +1 310 798 9111 / usasales@backgrid.com UK: +44 208 344 2007 / uksales@backgrid.com *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
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- London, UNITED KINGDOM – Howrah, INDIA – March 30, 2023, London, England, United Kingdom: Prince HARRY, Duke of Sussex, leaves the High Courts after attending the 4th day of the privacy case preliminary hearing against Associated Newspapers. (Credit Image: © Thomas Krych/ZUMA Press Wire) Pictured: 20230330_zip_k172_004.jpg BACKGRID USA 30 MARCH 2023 USA: +1 310 798 9111 / usasales@backgrid.com UK: +44 208 344 2007 / uksales@backgrid.com *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication* Pictured: Prince Harry
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- London, UNITED KINGDOM – Prince Harry, Duke of Sussex attends the Royal Courts of Justice as the lawsuit against Associated Newspapers enters its final day on March 30, 2023 in London, England. Prince Harry is one of several claimants in a lawsuit against Associated Newspapers, publisher of the Daily Mail. Pictured: Prince Harry, Duke of Sussex BACKGRID USA 30 MARCH 2023 BYLINE MUST READ: MediaPunch / BACKGRID USA: +1 310 798 9111 / usasales@backgrid.com UK: +44 208 344 2007 / uksales@backgrid.com *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
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- London, UNITED KINGDOM – Prince Harry arrives at the High Court, Rolls Building. Several high-profile people, including Prince Harry, have taken legal action against Mirror Group Newspapers over alleged unlawful information gathering, including phone hacking. Pictured: Prince Harry BACKGRID USA 6 JUNE 2023 USA: +1 310 798 9111 / usasales@backgrid.com UK: +44 208 344 2007 / uksales@backgrid.com *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
And, so he will pay taxes on it, presumably after the expenses have been taken out. It wasn’t the money he was after, it was the confession of guilt and the apology to his mum and himself, He got what he wanted.
I don’t know that legal fees are deductible in this case. Maybe one of our experts here can tell us.
He has trusted financial advisors, I’m sure, who will maximize his gain. Nothing to see here.
Oh but, you’re missing the point here, which is their attempt to find a cloud in what is obviously good news. So, the best they can come up with is “My goodness, poor Harry will have to pay taxes on his windfall.” Gee, how sad! That’s like saying, “Poor Harry will get a papercut from counting all that cash!” or “He will be exhausted from counting those millions!” Yeah, still good news. Sorry.
The Fail must be terrified about their own court case against Harry and others.
The mother of teenager Stephen Lawrence, who was murdered by a gang of racists in south-east London in 1993, is one of a group of high-profile individuals suing Associated Newspapers Limited (ANL) for alleged misuse of private information. Fail have always brandished their crusade to bring Stephen’s killers to justice so it is very hypocritical and damaging if at the same time they were spying on his mother, Doreen Lawrence.
They’re so desperate to spin this monumental victory any way they can. 😂
Harry slayed the dragon. An abrupt end to years of abuse from British stalker-media hounds. Let them sulk and speculate about tax. Their reputations are in the trash where they belong.
He’ll be fine. These commentators always trying to steal their joy. 😡
They really are.. and I agree he will be fine but I think the settlement was on the higher end of eight figures.
Ok? And? He should pay taxes on it, and I doubt he’s bothered by that. This is what they have been reduced too, it’s not a win because he’ll have to pay his taxes on a large influx of cash ( unlike the BRF does, which is what a real press would be focusing on). Also, this is the Deranger argument? Harry wasn’t willing to bankrupt himself and got a full acknowledgement of wrongdoing and apology, so he’s the one with the moral failing? Not the person who broke the law? They are SO BITTER. Also, Donald Trump’s Administration? They just have to make it seem like he’s losing somehow.
It’s all deflection – look over there, not here.
It’s media sulking on a grand scale.
Really Harry wins the Megabucks lottery. Poor Harry he has to pay taxes I guess he really lost. Also people should not expect Harry to give everything to charity. Harry suffered for many years and he deserves however much he gets.
They don’t appear to realize that when you are a millionaire in America, your taxes are miniscule compared to the rest of the population. Thank you, Republicans (sarcasm of the highest order).
So true!!!
And for once, I like it! 🤣
The NY Times quoting Piers Morgan without mentioning his part in the crimes shows that there is no mainstream honest media out there right now.
They should have included what the Judge said about Morgan as the Mirror editor when phone hacking was occurring. Morgan is a liar and a coward.
NYT isn’t a free press. NYT’s part owners are Vanguards and BlackRock so it’s all about crusading for access and profits. Let’s face it, the heads of these hedge funds are in cahoots with Trump and more familiar with the Heritage Foundation than they are with the first Amendment or the rest of the Constitution.
Don’t look for NYT to be the vanguard of inspired free press to counterbalance the powerful and the corrupt on things that really matter to the common people. It’s the cowardly rear guard these days.
🎯
Again, California contributing a disproportionate amount to the Federal coffers and the current administration quibbling about paying for California disaster relief and recovery.
At least Harry PAYS taxes unlike the grifting welfare family he has in 🇬🇧 😕
Exactly!
And unlike Paul Dacre the owner of the mail.
Yeah, I don’t think the dear old Fail was trying to shade William by mentioning the settlement HE took and whether or not he pays taxes on it, but I am here for it regardless. While we’re at it, let’s remind people about the Duchy money he takes as well…
My guess is that part of the agreement is the newspaper paying his legal fees. And the rich don’t pay much taxes, they have accountants, tax lawyers, financial advisors who know exactly what to do to minimize their tax liability.
Murdoch is paying for the legal fees separately from the amount he paid them for the pain he caused!
Richard Eden doesn’t realise that he’s just highlighting that the Royal Family doesn’t pay taxes and he doesn’t seem to know that NGN will be paying Harry’s legal fees.
Taxes! How plebeian!
Give me a break.
So, he pays taxes on the damages. They do know that he gets to keep the rest of it, right? Any way you slice it, Harry is way ahead. He ends up with PLENTY of cash in his hand.
In America? Harry’s an awesome guy, but come on, we all know rich people in this country don’t pay taxes. What have these reporters been smoking.
And? Is this because the royals in Salt Island pay no taxes and get millions stuffed into their hands because of an accident of birth? Normal people pay taxes. I wouldn’t say the royals are exactly normal (to their detriment), but they should at least stop picking the pockets of their constituency minions.
If this is true Harry may have to pay taxes on his legal victory those taxes will be offset by his charitable contributions over the year.
Good. Let America collect taxes on Prince Harry’s settlement money, and thereby acknowledge once and for all that he is lawfully and unquestionably established as a resident in the US.
By cashing his tax dollars, the US government validates him as a A-1 visa holder, so hopefully we won’t be hearing any longer of the Karen loons of the Heritage Foundation and their claims for full disclosure: Harry pays, Harry stays.
I did not know this, thank you.