Prince Harry’s US green card could be a financial ‘dagger’ for royals: Why he may be on a rare golden visa
There has been much speculation about Prince Harry’s potential permanent U.S. residency since he moved to California with his wife Meghan Markle and their children. Yet, a tax specialist shared with Daily Mail that should the Duke of Sussex settle in the U.S. or secure a green card, it could pose a major financial ‘dagger in the heart’ for the royals.
This is due to the fact that the royals would be obligated to disclose any shared financial matters involving Harry, including “information on any British bank accounts or trusts,” to the U.S. Internal Revenue Service. Moreover, the Duke would have to provide a comprehensive account of his global earnings to the department.
Finance experts suggest that Prince Harry might be on an A-1 Head of State visa. The Department of Homeland Security has so far refused to disclose details about his visa status, leading to speculations and wild theories about the same.
The Heritage Foundation, a conservative think tank, has filed a Freedom of Information Act lawsuit alleging that the U.S. government has shown favouritism towards the estranged royal, suggesting he may have received preferential treatment in his entry and stay. The case is currently pending despite a court ruling which asked the DHS to disclose the papers.
“The Royal Family wants him to stay on the A-1,” expert Clayton Cartwright told Mail. “I think they have common ground wanting him to stay on an A-1. If he’s consulted tax advisers then he will be staying on an A-1,” they added.
The expert shed light on the fact that the “A-1 visa is his golden ticket,” allowing him to stay in the U.S. forever without issue and only be subject to U.S. income tax on his American earnings, such as his Netflix or Spotify deals.
