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Anorak | Bono says U2’s tax avoidance policy is ‘in total harmony with the Irish government’s philosophy’

Bono says U2’s tax avoidance policy is ‘in total harmony with the Irish government’s philosophy’

by | 23rd, September 2013

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MORE epic stuff from Bono, aka Mr G21. U2’s lead singer tells Tim Adams in yesterday’s  Observer about tax and moving his money out of Ireland:

Tim Adams: “The other persistent criticism is about the band’s decision to offshore part of their income through the Netherlands to avoid tax. Was it not hypocrisy for you to try to hold the Irish government to account for its spending while going through fairly exhaustive efforts to avoid paying into the Irish exchequer yourself?”

Get this:

Bono : “It is not an intellectually rigorous position unless you understand that at the heart of the Irish economy has always been the philosophy of tax competitiveness. Tax competitiveness has taken our country out of poverty. People in the revenue accept that if you engage in that policy then some people are going to go out, and some people are coming in. It has been a successful policy. On the cranky

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Posted: 23rd, September 2013 | In: Celebrities, Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink