Thursday, March 5, 2009

Politicans And Celebrities Do Not Like To Pay Taxes

From Yahoo News/Christian Science Monitor:

Dublin, Ireland – The band that loves to rail against global corporate malfeasance is being criticized at home over allegations of tax dodging.

U2, whose new album, "No Line on the Horizon," is being released Tuesday in the United States, has lately found itself the focus of protests in Dublin over global tax avoidance.

The controversy stems from 2006, when the band moved its publishing company to the Netherlands to avoid a potential multi-million-euro tax bill after the Irish government capped artists' tax-free earnings at €250,000 ($315,000). By basing its operations in Amsterdam, U2 is only liable for a nominal royalty tax.

Read more ....

My Comment: Some people love to spend other people's money, but never their own.

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