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U2 Moves U2 Ltd. to Amsterdam
Ed. Note: The following article was translated from Dutch to English using Babel Fish. You can access the original Dutch version here.
AMSTERDAM - the Irish rockgroep U2 has established itself in Amsterdam because of the advantageous Dutch tax climate.
The group follows the example of the Rolling Stones, which already since 1971 their financial interests in Amsterdam have stabled.
U2 its most important company moved on 1 June, U2 Limited, the owner of the mastertapes, of Dublin to Amsterdam.
The group members Bono, the Edge, Clayton and Mullen has everyone a quarter of the e.g. Netherlands hardly charges the income from music royalties, to irritation of other countries in the European Union.
U2 established itself on the Herengracht 566, the same pand where the Stones have categorised their tax interests.
U2 the best deserving music act is in the world. Previous year the group gained a turnover of 255 millions dollar. The Stones to follow with 152 millions dollar.
U2 and idealistic activistactivist activist has left Bono from Ireland because of a tax reform. Those were introduced after had ended up that rich ieren pay hardly tax.
For conflicts concerning their inheritance to occur three Stones of the first hour, Michael Philip Jagger, Keith Richards and Charles Robert Watt transferred, on 3 April this year their musical rights to two new companies in Amsterdam. Of it, a foundation administrative office Herengracht a, owner of the music rights became. A Second e.g., Herengracht b, manages the picture rights.
Jagger (1943) continue live officially on the caraïbische island Mustique. Richards (1943) live still on Jamaica and Watt (1941) in the English Devon.
Although the Stones control their matter already more than thirty-five years from the from Amsterdam companies Promobridge and, they had personally register themselves Promotone with the chamber of commerce for problems with their heirs to occur.
Until recently they left the management of their capacity concerning to the financial brein behind the group, Rupprecht Ludwig Ferdinand Prinz zu Loewenstein-Wertheim-Freudenberg, improve as Rupie the confessed groupie. He tuigde a kerstboom of companies, among others on the Antilles.
Since 1985 450 millions dollar had come to Stones-royalties on the Herengracht, about which seven millions tax were paid.
--Het Parool
Ed. Note: The following article was translated from Dutch to English using Babel Fish. You can access the original Dutch version here.
AMSTERDAM - the Irish rockgroep U2 has established itself in Amsterdam because of the advantageous Dutch tax climate.
The group follows the example of the Rolling Stones, which already since 1971 their financial interests in Amsterdam have stabled.
U2 its most important company moved on 1 June, U2 Limited, the owner of the mastertapes, of Dublin to Amsterdam.
The group members Bono, the Edge, Clayton and Mullen has everyone a quarter of the e.g. Netherlands hardly charges the income from music royalties, to irritation of other countries in the European Union.
U2 established itself on the Herengracht 566, the same pand where the Stones have categorised their tax interests.
U2 the best deserving music act is in the world. Previous year the group gained a turnover of 255 millions dollar. The Stones to follow with 152 millions dollar.
U2 and idealistic activistactivist activist has left Bono from Ireland because of a tax reform. Those were introduced after had ended up that rich ieren pay hardly tax.
For conflicts concerning their inheritance to occur three Stones of the first hour, Michael Philip Jagger, Keith Richards and Charles Robert Watt transferred, on 3 April this year their musical rights to two new companies in Amsterdam. Of it, a foundation administrative office Herengracht a, owner of the music rights became. A Second e.g., Herengracht b, manages the picture rights.
Jagger (1943) continue live officially on the caraïbische island Mustique. Richards (1943) live still on Jamaica and Watt (1941) in the English Devon.
Although the Stones control their matter already more than thirty-five years from the from Amsterdam companies Promobridge and, they had personally register themselves Promotone with the chamber of commerce for problems with their heirs to occur.
Until recently they left the management of their capacity concerning to the financial brein behind the group, Rupprecht Ludwig Ferdinand Prinz zu Loewenstein-Wertheim-Freudenberg, improve as Rupie the confessed groupie. He tuigde a kerstboom of companies, among others on the Antilles.
Since 1985 450 millions dollar had come to Stones-royalties on the Herengracht, about which seven millions tax were paid.
--Het Parool
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