Login

Register | Forgot Your Password? | Close
Register | Forgot Your Password? | Close

BRUSSELS (AP) - Belgium's Queen Fabiola won't set up an inheritance foundation that was widely criticized as a dodge to shield some of her fortune from the tax man.

Two weeks after she was rebuked by Prime Minister Elio Di Rupo, the 84-year-old widow of former King Baudouin announced her decision Friday and apologized that it had created `'such negative reactions."

The government had called the queen's plan to create a private fund to deal with her inheritance ethically flawed even if it was strictly legal.

Fabiola, who is childless, insisted that none of the money granted to her by the government- almost (EURO)1.5 million ($2 million) a year- would have been used in the new fund, which would only include her private money.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus
close

Share: