Philip Green's wife Tina could be booted out of Monaco over BHS scandal - Mirror Online
The principality is trying to shake off its tax haven reputation and sources say the ruling Grimaldi family could revoke her right to live there
22:08, 27 JUL 2016
Updated 22:29, 27 JUL 2016
The Greens are pals with Prince Albert (Image: GoffPhotos.com)
Sir Philip Green’s wife could be booted out of Monaco amid fears the BHS scandal could be giving the billionaires ’ playground a bad name.
Authorities in the principality, where Lady Tina Green lives, are trying to clean up its image and shake off its tax haven reputation.
Now the ruling Grimaldi family could tell Lady Green to take a hike as the row over the high street chain’s collapse rumbles on.
A source said: “The Grimaldi family could revoke her right to live in Monaco.
“They want to try to clean up the view that it’s a sunny place for shady people.”
There is no suggestion Lady Green or her family have done anything illegal, but authorities are said to be privately worried about the image of the Med hotspot amid the fallout from BHS’s collapse.
The couple on their £100m yacht (Image: Mark ZC/Splash News)
Monaco signed a tax ­transparency agreement with the EU two weeks ago, agreeing to provide information on the financial accounts of residents automatically from 2018.
Another source said: “Monaco is trying to promote itself as being more transparent when it comes to tax. This is the last thing they want right now.
“It has a village mentality, a very small group of people who don’t mind a bit of gossip but don’t want this sort of outside attention.”
The Greens moved to Monaco in 1998. Sir Philip told a Commons probe it was for health reasons and his children’s schooling, rather than for its tax regime.
He was hauled before MPs as BHS collapsed with the loss of 11,000 jobs and a £571million pension shortfall, a year after he sold it for £1 to twice-bankrupt ex-racing driver Dominic Chappell.
The Greens’ Monaco apartment block
A report this week described a “complex web” of companies in the Green family’s retail empire. Lady Green is the main owner but they are run by Sir Philip.
Sir Philip is friends with Prince Albert II, head of the Grimaldi family. They are said to have met through Lady Green’s charity work. The prince was on the guest list for Sir Philip’s 50th birthday in 2002.
Sir Philip is not a Monaco ­resident but Tina lives there in a luxury seafront apartment block.
A spokesman for the ­Principality of Monaco could not be contacted. A spokesman for the Greens declined to comment.
Philip Green's wife Tina could be booted out of Monaco over BHS scandal - Mirror Online
The principality is trying to shake off its tax haven reputation and sources say the ruling Grimaldi family could revoke her right to live there
22:08, 27 JUL 2016
Updated 22:29, 27 JUL 2016
The Greens are pals with Prince Albert (Image: GoffPhotos.com)
Sir Philip Green’s wife could be booted out of Monaco amid fears the BHS scandal could be giving the billionaires ’ playground a bad name.
Authorities in the principality, where Lady Tina Green lives, are trying to clean up its image and shake off its tax haven reputation.
Now the ruling Grimaldi family could tell Lady Green to take a hike as the row over the high street chain’s collapse rumbles on.
A source said: “The Grimaldi family could revoke her right to live in Monaco.
“They want to try to clean up the view that it’s a sunny place for shady people.”
There is no suggestion Lady Green or her family have done anything illegal, but authorities are said to be privately worried about the image of the Med hotspot amid the fallout from BHS’s collapse.
The couple on their £100m yacht (Image: Mark ZC/Splash News)
Monaco signed a tax ­transparency agreement with the EU two weeks ago, agreeing to provide information on the financial acc
ounts of residents automatically from 2018.
Another source said: “Monaco is trying to promote itself as being more transparent when it comes to tax. This is the last thing they want right now.
“It has a village mentality, a very small group of people who don’t mind a bit of gossip but don’t want this sort of outside attention.”
The Greens moved to Monaco in 1998. Sir Philip told a Commons probe it was for health reasons and his children’s schooling, rather than for its tax regime.
He was hauled before MPs as BHS collapsed with the loss of 11,000 jobs and a £571million pension shortfall, a year after he sold it for £1 to twice-bankrupt ex-racing driver Dominic Chappell.
The Greens’ Monaco apartment block
A report this week described a “complex web” of companies in the Green family’s retail empire. Lady Green is the main owner but they are run by Sir Philip.
Sir Philip is friends with Prince Albert II, head of the Grimaldi family. They are said to have met through Lady Green’s charity work. The prince was on the guest list for Sir Philip’s 50th birthday in 2002.
Sir Philip is not a Monaco ­resident but Tina lives there in a luxury seafront apartment block.
A spokesman for the ­Principality of Monaco could not be contacted. A spokesman for the Greens declined to comment.