Tuesday, October 17, 2006

Love the sinner (his music, anyway), hate the sin...

Bono, Preacher on Poverty, Tarnishes Halo With Irish Tax Move

By Fergal O'Brien

Oct. 16 (Bloomberg) -- Bono, the rock star and campaigner against Third World debt, is asking the Irish government to contribute more to Africa. At the same time, he's reducing tax payments that could help fund that aid.

After Ireland said it would scrap a break that lets musicians and artists avoid paying taxes on royalties, Bono and his U2 bandmates earlier this year moved their music publishing company to the Netherlands. The Dublin group, which Forbes estimates earned $110 million in 2005, will pay about 5 percent tax on their royalties, less than half the Irish rate.

1 comment:

Anonymous said...

Nothing like a tax cheat who tells governments how to spend their money...