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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.
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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
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
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
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
London, UNITED KINGDOM – Prince Harry pictured leaving the Royal Court of Justice in London.

Pictured: Prince Harry

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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)

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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

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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
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