U2 being accused of robbing the poor - U2 Feedback

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Old 02-25-2009, 01:05 PM   #1
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U2 being accused of robbing the poor

'U2 robbing world's poor' - Yahoo! News UK

some people are not too happy with u2 and how they handle their taxes and are protesting in Ireland conviently just before their album is getting released
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Old 02-25-2009, 01:15 PM   #2
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Well, they're certainly not the first to take issue with that.
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Old 02-25-2009, 01:35 PM   #3
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I hope Bono's okay.
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Old 02-25-2009, 01:37 PM   #4
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Old 02-25-2009, 07:10 PM   #5
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For the record I don't really give a shit how U2's accountants do their taxes and handle business.

"She added: "Tax avoidance and tax evasion costs the impoverished world at least $160 million (£142.5m) every year. This is money urgently required to bring people out of poverty."

She forgot to say that Ireland did not meet their stated goals as far as foreign aid, while the Netherlands did. Also, U2 are citizens and residents of Ireland, they pay taxes there too. The taxes in the NL are on royalties.
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Old 02-25-2009, 07:17 PM   #6
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Huh. This is the first I've heard about that tax thing.

WHY DOES BONO STEAL?
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Old 02-25-2009, 07:18 PM   #7
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Originally Posted by Liesje View Post
For the record I don't really give a shit how U2's accountants do their taxes and handle business.

"She added: "Tax avoidance and tax evasion costs the impoverished world at least $160 million (£142.5m) every year. This is money urgently required to bring people out of poverty."
So, if for the sake of argument their accountants were evading tax rather than simply avoiding it, this would not be problematic to you?

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She forgot to say that Ireland did not meet their stated goals as far as foreign aid, while the Netherlands did. Also, U2 are citizens and residents of Ireland, they pay taxes there too. The taxes in the NL are on royalties.
It is a good thing that all Irish taxpayers do not follow U2's example. If they did, Ireland's contribution to development aid would be nothing at all.
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Old 02-25-2009, 07:22 PM   #8
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Huh. This is the first I've heard about that tax thing.

WHY DOES BONO STEAL?
Because he's a dirty, dirty liar.
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Old 02-25-2009, 07:24 PM   #9
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Because he's a dirty, dirty liar.
A hypocrite, for sure.
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Old 02-25-2009, 08:13 PM   #10
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So, if for the sake of argument their accountants were evading tax rather than simply avoiding it, this would not be problematic to you?



It is a good thing that all Irish taxpayers do not follow U2's example. If they did, Ireland's contribution to development aid would be nothing at all.
Nothing they are doing is illegal or tax evasion, so I'm not sure what you're asking. This "issue" has been the subject of a gazillion threads all over this board. No, it's not problematic to me. I do plenty of things that are strategic for me as far as my taxes go. I don't feel entitled to U2's money just because they have more of it.

I doubt all of Ireland's tax payers pay taxes on royalties...
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Old 02-25-2009, 08:51 PM   #11
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Nothing they are doing is illegal or tax evasion, so I'm not sure what you're asking.
Well, you said that you didn't have a problem with U2's accountants minimising their taxes, so I would hope that you would have a problem in the no-doubt hypothetical situation of them ever crossing the line into evasion.

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I don't feel entitled to U2's money just because they have more of it.
Asking the superrich to pay their fair share is feeling 'entitled' to their money, come off it.

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I doubt all of Ireland's tax payers pay taxes on royalties...
No, but you know what I mean. U2's income is largely royalties, it is their bread and butter, just like salary/wages is for you and me. So if everyone avoided or evaded tax on their income, where would we be? Not so much in the way of funds for development aid, that's where.

Tax-avoiding rockstars are nothing new, back in the 1970's they were all at it. At that time the tax rates were huge so I can understand it. Irish tax rates in recent years aren't even particularly high, however, that's one of the reasons why I suspect that it very much grates with the majority of Irish people, particularly in a time of recession, that these guys aren't paying their share.

If I find out a rockstar is avoiding taxes, well I tend to usually think, par for the course. But if the same rockstar is telling me my taxes must increase in order to pay more in development aid, I think I'm going to have to deduce, unfortunately, that we are dealing with a rather hypocritical rock star, that we're dealing with someone who talks out of both sides of his mouth.
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Old 02-25-2009, 08:59 PM   #12
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bastards. this is why i don't trust short people.
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Old 02-25-2009, 09:00 PM   #13
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Well, you said that you didn't have a problem with U2's accountants minimising their taxes, so I would hope that you would have a problem in the no-doubt hypothetical situation of them ever crossing the line into evasion.
I never said I condone tax evasion. I am not aware that U2 has done anything of the sort. Obviously the move of part of their finances to the Netherlands has been a fairly public ordeal.

I really don't give a rip how their taxes are done as long as they are done. Nor do I give a rip about what Bono thinks I should do with my money and my taxes.
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Old 02-25-2009, 09:02 PM   #14
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I just read about this on atu2.com.
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Old 02-25-2009, 09:24 PM   #15
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If the taxes avoided by U2 Ltd from the Irish government are in part funding DATA and the ONE Campaign directly and indirectly by being done in a tax haven country that is meeting its foreign aid obligations, then I don't really have an issue with it as it relates to "robbing the world's poor".

Easy for me to say though, I'm not Irish.
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Old 02-26-2009, 07:39 AM   #16
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bastards. this is why i don't trust short people.
Or bald guys...
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Old 02-26-2009, 09:37 AM   #17
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I know little of Ireland's taxes. But, here in the States, President Obama seems to be cleaning the house. Of the wealthy who have "Swiss Bank Accounts" and are avoiding taxation to the country they call home. I believe Germany is doing the same thing. At least this was the case, when this was broadcasted a few days ago, on one of our news stations. The F.B.I. wants a list of the Americans' names, whom the Swiss bankers do not want to provide and I am guessing, to start charging these people with tax evasion.
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Old 02-26-2009, 09:42 AM   #18
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Well, you said that you didn't have a problem with U2's accountants minimising their taxes, so I would hope that you would have a problem in the no-doubt hypothetical situation of them ever crossing the line into evasion.



Asking the superrich to pay their fair share is feeling 'entitled' to their money, come off it.



No, but you know what I mean. U2's income is largely royalties, it is their bread and butter, just like salary/wages is for you and me. So if everyone avoided or evaded tax on their income, where would we be? Not so much in the way of funds for development aid, that's where.

Tax-avoiding rockstars are nothing new, back in the 1970's they were all at it. At that time the tax rates were huge so I can understand it. Irish tax rates in recent years aren't even particularly high, however, that's one of the reasons why I suspect that it very much grates with the majority of Irish people, particularly in a time of recession, that these guys aren't paying their share.

If I find out a rockstar is avoiding taxes, well I tend to usually think, par for the course. But if the same rockstar is telling me my taxes must increase in order to pay more in development aid, I think I'm going to have to deduce, unfortunately, that we are dealing with a rather hypocritical rock star, that we're dealing with someone who talks out of both sides of his mouth.
I can understand why the Irish people are upset over this. I have read that Artist Royalty taxes are around 15% which, seems to be quite low. Considering what Americans pay in taxes.
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Old 02-26-2009, 10:17 AM   #19
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They pay taxes in every country they play in and many big businesses do move some of their businiesses to tax havens. They're not doing anything illegal. If the government don't like what they're doing then perhasps they should close these legal loopholes instead of complaining about it.
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Old 02-26-2009, 10:51 AM   #20
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I've been doing a little research. Irish Corporation Tax is 12.5%. Which is still lower than some other countries. They are putting a "cap" on the "Cinderella" tax haven law. And they want to address the EU with their concerns of smaller countries offering almost no taxes to those who move their businesses.
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