Bono/U2 In Hot Water Amidst Tax Avoidance Scandal
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Artist:
Protesters in Ireland rallied outside of the Department of Finance crying fowl against U2's decision to situate their tax affairs in the Netherlands, reports the Irish Times. The move would grant the Irish rockers an avoidance of paying harsher taxes on their royalties in their homeland.
Organizing the event the Debt and Development Coalition Ireland (DDCI) which campaigns on issues related to the developing world. The coalition contains such organizations as, Trócaire, Oxfam and various Catholic missionary orders.
"Bono has championed the call for increases in aid to impoverished countries, yet in his personal life he is engaged in tax avoidance issues and it is tax avoidance that is undermining the possibility of developing countries fighting their way out of poverty," said Nessa ní Chasaíde co-organizer of protest.
Chasaíde stated the protest at the department of Finance outlines how U2's tax avoidance deprives the Irish taxation revenue money which could be spent on development aid.
"The practice of being able to move your finances around easily and without high levels of transparency is extremely problematic for developing countries. The kind of practice that U2 is engaging in is part of that problem," she explained.
More here at the IRISH TIMES
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Comments (22)
I love how relevant the picture is with the post. ;p
Geezus, wtf are U2 & Bono thinking? Obviously getting really bad tax advice. As much as I love them, this is so not cool. . . .
Surely that must be Bono frolicking with his daughters.
i mean...bono should know better
*Dar*, omfg ewwwwwwwwww!
August, I meant that in the most wholesome father/daughter way...
"Hey daughters, go get your bikinis on and come sit on papa's lap."
-hardly wholesome; entirely "ewwwww."
It's all about context. He might just be in mid sneeze and he accidentally grabbed that girl as he was lunging forward.
Of course, that's a sweet family moment there.
I guess we'll have to wait a day or 2 to see what the effect of this news has on No Line On The Horizon. Will fans ignore and/or forgive?
I'm sure people are still going to buy the crap out of that album.
ahahahaha Oh right Dar, ya perv!
OH if only he turned into EVIL BONO. He'd make twice as much money and become even more popular. Works for wrestling and soap operas.
Bono isnt the only UK tax exile, but he is pretty outspoken on things which makes him a reaLLY BIG target.
razlefrazle... w/e. IM GONNA BUY THE CRAP OUTTA THAT ALBUM!!!
Memo to avandguard - Bono is Irish and not part of the UK. There are probably other Irish tax exiles as well - maybe Liam Neeson?
This was a news story over a year ago. Have U2 done it again?
Would the photo be part of last weeks earth shattering news story that Bono's daughters think he's boring?
Jonh,
it's a recent story. It appears those wacky U2 boys are at it again.
Avandguard,
I don't want you guarding my Avand anymore.
Must be all that LiveNation money they took. At least Paul McCartney and David Frost and other Brits had the sense to stick it in the Bahamas before it got to the UK. You never hear about them avoiding tax.
People have been avoiding tax for ever, most of those people dont give anything back at all, maybe U2 give something back in other ways? maybe not ? anyway I agree with John, they will still sell heaps of CD's
I personally have my taxes done by The Edge. I never do get a return, but he sends me cute little wooden shoes and pretty flowers...
-Dusk
Yeah.. forget the tax part of the story, that picture creeps me out.
Bono is such a classy fella, tax evasion AND macking on bitches. Being an aging and barely relevent rock star must be so grand.
bono's a douche.