Princess Christina, one of queen Beatrix’s three sisters, has set up a second letter box company on the tax haven island of Guernsey, the Volkskrant reports on Friday.

The paper says the princess established the Crocus Trust to look after millions of euros inherited from her father Bernhard. The trust is managed from the queen’s Noordeinde palace in the Hague.

Earlier this year MPs were highly critical of the princess when it emerged she had put money inherited from her mother into the Daffodil Trust, also located on the British Channel island.
They say the princess, who lives in London, is setting a bad example by using tax havens to avoid paying tax.
They are also angry that the trusts are managed from queen Beatrix’s offices. A spokesman for prime minister Jan Peter Balkenende said he was not aware of the existence of the Crocus Trust.