U2 buy office in Amsterdam(Holland) ??? - Page 4 - U2 Feedback

Go Back   U2 Feedback > Your Blue Room > Everything You Know Is Wrong > Everything You Know Is Wrong Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 08-12-2006, 04:55 PM   #46
Blue Crack Addict
 
U2girl's Avatar
 
Join Date: Sep 2000
Location: slovenija
Posts: 20,951
Local Time: 12:09 PM
From atu2.com:

Wednesday, August 09, 2006- The Guardian newspaper weighs in:atu2.blogspot.com/ ( full article here: http://www.guardian.co.uk/frontpage/...840316,00.html)which notes:

"Corporation tax in Ireland is only 12.5pc. The standard rate of personal tax is 20pc, rising to a top rate of 42pc. The band had been able to claim artists' tax relief as songwriters, but the scheme did not cover income from tours and performances.

...U2's donations to aid organisations have always remained anonymous, although the royalties from several of their songs have been given to charities.

The band will continue to live and work in Ireland, paying other taxes, an industry source told the Guardian. Like other bands, the source added, U2 "try to be as tax efficient as possible". Principle Management, which controls U2's financial affairs, would not comment.
__________________

__________________
U2girl is offline  
Old 08-12-2006, 06:27 PM   #47
Rock n' Roll Doggie
Band-aid
 
ntalwar's Avatar
 
Join Date: Feb 2004
Posts: 4,900
Local Time: 06:09 AM
Quote:
Originally posted by U2girl
Like other bands, the source added, U2 "try to be as tax efficient as possible". Principle Management, which controls U2's financial affairs, would not comment.
If they can shift their catalog operations overseas to avoid taxation, I'm sure they've done the same with their touring operations long ago. Escpecially since the touring money is earned abroad. I'm sure they pay income tax on their Irish shows though.

ETA - the fact that the Rolling Stones paid only 1.6% income tax on $150M in earnings last year suggests U2 can do the same. Also, the money for the Stones is handled in the Dutch Antilles, a tax haven.
__________________

__________________
ntalwar is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 06:09 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com