Bono – the spokesperson for tax evasion

April 2024 Forums General discussion Bono – the spokesperson for tax evasion

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  • #83270
    alanjjohnstone
    Keymaster

    http://www.theguardian.com/world/2014/oct/12/bono-tax-laws-bring-ireland-prosperity-apple-google-u2

    Quote:
    In an interview with the 

    Observer, the Irish singer says his country’s controversial policies – which help multinational companies avoid billions in tax – have “brought our country the only prosperity we’ve known”.

    It certainly didn't stop him seeking to increase his own prosperity by re-locating his financial affairs to even a more generous tax juridiction. 

     

    #105255
    SocialistPunk
    Participant

    Spot on Alan, Bonio thinks so much of his beloved Ireland that even with its competitive tax system for "wealth creators", he and his group relocated their financial affairs abroad for an even better rate. 

    Quote:
    Bono has previously attracted controversy for the band’s tax arrangements. In 2006 the band transferred the company that handles its publishing royalties from Ireland to the Netherlands to reduce its tax bill.
    #105256
    SocialistPunk
    Participant

    Another article that exposes the muddled mind of a "Rockstar"http://www.ibtimes.com/bono-600m-net-worth-musician-whose-u2-band-poster-child-tax-avoidance-slams-big-oil-tax-avoidance

    Quote:
    "The countries of Africa are extremely rich in resources, but why are they poor?" Bono asked Tuesday at this week's Clinton Global Initiative in New York."These rich extractive industries aren't returning the wealth to the people in any kind of fair measure. You can't have it both ways. You can't give alms to the poor on one hand and have your hands on their throat on the other."

    I wonder if this bloke thinks before he opens his trap.

    Quote:
    Bono defended the tax avoidance by stating that U2 was simply acting like any other business, and any country with tax measures such as Ireland implemented in 2006 should expect some businesses to move out. He also said there is a social benefit to low taxes
    #105257
    jondwhite
    Participant

    Yeah the rich exploiting the poor is unfair, said the very very rich man. What a completely nasty piece of work Bono is.

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