U2 SINGER Bono says he was “stung” and “hurt” by criticism of the band moving part of its business to the Netherlands to lessen its tax burden.In an interview in The Ticket today, he speaks about the band’s 2006 decision to move part of its business out of Ireland following the Government’s decision to put a cap on the amount of tax-free earnings available to artists.
U2’s move was criticised by politicians and some development groups. “We pay millions and millions of dollars in tax. The thing that stung us [about the criticism] was the accusation of hypocrisy for my work as an activist,” the singer says.
I'm whipping out the world's smallest violin for Bono and the band.
2 comments:
If most artists practiced everything they preach to the rest of us they should all be moving to the highest tax areas. That would still not be sufficient either. They want my income to be taxed well below six figures because I'm one of the "rich". I would love U2 to take the millions in disposable income that they still get and give it all the the government so that their take home is 5 figures. Same with 99% of Hollywood. The Porkulus bill is such a good idea. It's perfectly legal (and encouraged) to overpay one's taxes.
Remember "Just one square" Sheryl Crow at the Northern Trust party this past week?
I bet she used more than a square taking all those greedy capitalists' money.
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