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

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Old 08-01-2006, 11:35 AM   #1
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U2 buy office in Amsterdam(Holland) ???

I heard this on the news last night..
It's been said they bought an office in amsterdam for their royalties on cds, dvds and tshirts etc.... something to do with the tax or so..
can somebody find me details on this?? I searched quite a lot and can't find anything!



maybe they need employees....
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Old 08-01-2006, 11:43 AM   #2
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It was all over the Dutch news. The Rolling Stones are based (as a company, not the Stones themselves) in Amsterdam since 1971. U2 have now followed their example and got themselves an office in Amsterdam (where nothing happens probably, but just as a tax cover or so), since you only have to pay 2% taxes on royalties etc. They have their office in the same building as the Rolling Stones and even share the same director. I think it's just a legal and tax thing and they haven't actually moved their whole organisation to Amsterdam.
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Old 08-01-2006, 11:55 AM   #3
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Same building as RS??? oh I didn't know that...

and they say dutch people are cheap

so rich, and going to the country with the cheapest tax!


thanks for the info!
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Old 08-01-2006, 12:06 PM   #4
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Oh well, it's just a matter of time before the laws on this will be changed in the Netherlands as well... If I was in their position I would've made the same move.
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Old 08-01-2006, 04:21 PM   #5
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Quote:
Originally posted by Galeongirl


and they say dutch people are cheap
Hey, GG, do people say that about you guys? B/c we say it about ourselves over here (this Dutch niche here in the USA - we say things like "How was copper wire invented? Two Dutchment fighting over a penny!), but I could never tell if it's a reflection of the immigrant families and our Great Depression, or actual Dutch culture.

Anyway, huzzah for the new U2 connection!
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Old 08-01-2006, 04:42 PM   #6
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Here's a small mention of U2 in the Rolling Stones tax article:

http://www.dailymail.co.uk/pages/liv...n_page_id=1773
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Old 08-01-2006, 05:48 PM   #7
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do people say that about you guys?
We say it about ourselves.
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Old 08-01-2006, 07:08 PM   #8
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here in the US, the same thing is done in Delaware. The state of Delaware has ridiculously low tax laws & many large companies are "based" there to take advantage of the taxes.
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Old 08-01-2006, 08:33 PM   #9
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i thought u2 didnt have to pay taxes in ireland or something
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Old 08-01-2006, 08:36 PM   #10
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i thought u2 didnt have to pay taxes in ireland or something
Not exactly, they don't pay taxes on certain things, which I think is limited to publishing royalties? They'd be looking for other havens elsewhere for everything else.
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Old 08-01-2006, 09:53 PM   #11
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I'm not sure it matters, unless there's a special category for music artists. It's personal income either way. Part of the reason they move around so much is to avoid any one country from claiming them as tax residents for a calendar year - e.g. that's why they flew to Mexico when doing the CA shows. It was to avoid spending over 4 months in the US. For Ireland and France it's 6 months max before they can claim you as a tax resident.
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Old 08-02-2006, 11:54 AM   #12
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Originally posted by Earnie Shavers
Not exactly, they don't pay taxes on certain things, which I think is limited to publishing royalties? They'd be looking for other havens elsewhere for everything else.
That used to be the case in Ireland (no income tax on royalties), but they changed the law for that recently. Hence U2 Ltd. moving to Amsterdam as apparently tax rates on royalty income are lower here than they are in Ireland.

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Old 08-02-2006, 12:21 PM   #13
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Here's a link of a Dutch article (Volkskrant):

http://www.volkskrant.nl/kunst/artic...ng_lokt_ook_U2


Quote:
Originally posted by Miringeltje


We say it about ourselves.
We do
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Old 08-02-2006, 12:34 PM   #14
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Make Taxes History is a very successful project, Bono can be proud.
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Old 08-02-2006, 12:36 PM   #15
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I would do that in a second. Who is it hurting?
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Old 08-02-2006, 02:31 PM   #16
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Probably one of the biggest earners in Ireland and they move to avoid paying tax. Usual double stands for rich -v- not rich. Personally I think it sucks - when your worth as much as the band is, the tax that you are likely to pay in Ireland is just a drop in the ocean.

Have lost a wee bit of respect for the band over their tax evasion (for want of a better word) --
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Old 08-03-2006, 09:12 AM   #17
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Quote:
Originally posted by JanuaryStar
Here's a link of a Dutch article (Volkskrant):

http://www.volkskrant.nl/kunst/artic...ng_lokt_ook_U2




We do
it really sounds non-Bonoish to me that he campaigned for not having to pay tax in Ireland...
thanks for the info tho,I found some more on google aswell..
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Old 08-09-2006, 03:05 AM   #18
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They're basically hypocrites. They're all for epousing governments to pour cash into africa but when it comes time to pay their fair share they bail to the nearest tax haven
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Old 08-09-2006, 08:20 AM   #19
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Originally posted by popshopper
They're basically hypocrites. They're all for epousing governments to pour cash into africa
Bono is involved in this cause, not U2.
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Old 08-09-2006, 08:22 AM   #20
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Originally posted by popshopper
They're basically hypocrites. They're all for epousing governments to pour cash into africa but when it comes time to pay their fair share they bail to the nearest tax haven
I don't criticize people for being smart with their money.
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