Though he and his band are famous for their charitable endevours, U2 is coming under fire for moving money to the Netherlands to avoid paying Irish taxes.
The move of one of the band’s holding companies — U2 Ltd — to the Netherlands came in response to a new law taxing artistic earnings above 250 000 euros a year. As a result, the band pays only 5% on its royalty earnings — compared with the 12.5% it would have to pay if it had remained incorporated in Ireland.
Though the tax move is not new, the accusation has taken on new life because of Ireland’s rapidly sinking economy.
Says a source: “If they don’t act now, it could be the biggest PR disaster of their career.”
[Fame]
5 Comments
Angelina does the same sort of things. Celebs are all frauds.
Bono is such a self-righteous self-serving egomaniac. Just like Angelina. I loathe this phony celebs who tell everyone else to give money to charity and then run off for an exclusive vacation in St Tropez
You all have to watch (on You-Tube) the South Park issue where BONO has the biggest turd… but it’s a play-on word & scenario that deals with just this subject that this post is about. HILARIOUS!!!!!! A MUST WATCH!!!!
scabby bastards
Like this is new. Bono is the one humanitarian who never donates his own money ever. Angelina on the other hand donates her own money.