U2 are being accused of dodging tax by basing their music publishing company in Holland instead of their native Ireland, where their tax burden would be expected to be much greater.
"There is nothing illegal about what they have done in taking advantage of more favourable tax laws but, given Bono has invested so much in promoting an end to poverty, we see a contradiction," said Nessa Ni Chasaide from the Debt And Development Coalition Ireland.
Paul McGuinness, the band's manager, told the Belfast Telegraph that U2 are "fully compliant" with Irish laws, and "operates in a tax-efficient manner, like any other business."
Johnny Ikon is totally on U2's side here. Why should they have to pay extortionate taxes in Ireland when most of their work - probably around 95% - happens outside of that country???
|Posted February 26, 2009.||Log in to comment.|