Markjbloggs
Registered User
- Messages
- 384
A bit unfair, we have no idea what Bono does with his private wealth, and surely any company is entitled to plan effectively to minimise their tax bill. Surely by this token, Bill Gates could be castigated for Microsoft having their European HQ here so as to minimise tax liabilities??
Even with all his money you'd still hear him droning on ...Put your money where your mouth is, Bono.
I've never bought his records, nor gone to his concerts so I'm not a fan, and he does drone on and on, but the fact remains, we have no idea as to what he does with his own after tax income.the point is he berates the government for not giving more but the money the government gives is in fact our money that we give through taxes. So by his company moving their buisness offshore to avoid payimng tax that could be used for overseas aid then he has lost the argument. You cant preach one thing and then allow his business to act totally contrary to his viewpoint. He has lost the argument. He and the boys are so rich now they should not sanction such a tax move. He should MAKE a point of saying his business ventures also do their bit and pay tax in Ireland, FFS he still gets tax free on his writings.
I wont buy any more of his records and give the money to charity instead.
no--
http://www.state.gov/r/pa/ei/bgn/3204.htmForeign Aid
The Netherlands is among the world's leading aid donors, giving about 0.8% of its gross national product (about $4.2 billion in 2004) annually in development assistance, a ratio maintained as a firm policy target. The Dutch thus rank as the sixth largest donor nation in dollar terms and the fifth most generous relative to GNP. The country consistently contributes large amounts of aid through multilateral channels, especially the UN Development Program, the international financial institutions, and EU programs. A portion of Dutch aid funds also are channeled through private ("cofinancing") organizations that have almost total autonomy in choice of projects. Minister for Development Cooperation Agnes van Ardenne oversees the aid portfolio.
So, it's OK for citizens to pay tax up to 42% (and up to 70% not so long ago) but when you're a rock star it's admirable to avail of the right to be treated as a charity case? He should keep quiet considering the millions+ he and his group have saved in tax over the years. The Artists' Exemption was intended to help artists who contribute greatly to our society - actors, writers, painters etc and not to make already rich people even richer whilst people on the lowest incomes continue to pay their dues in support of the State.Oct. 16 (Bloomberg) -- Bono, the rock star and campaigner against Third World debt, is asking the Irish government to contribute more to Africa. At the same time, he's reducing tax payments that could help fund that aid.
For years, Bono and U2 got a better deal than most Irish taxpayers because songwriters paid no tax on earnings from music publishing. That will change next year, when Ireland limits the tax exemption, which also applies to writers and artists. From Jan. 1, artists that make more than 500,000 euros ($625,450) will pay tax on half their "creative'' income, according to Ireland's Revenue Authority.
Remaining in Ireland would have forced Bono to pay a 42 percent tax on such earnings. Alternatively, the band could have channeled profits through a company to pay the 12.5 percent corporation tax
The people of Ireland have already and continue to contribute far more to Third World Aid than "the little man" and they don't go around bragging about it. Quite apart from contributing via taxation, Irish people are renowned for their generosity to charities - hopefully they won't imitate "the little hero"."I can see no connection between what he is doing and Make Poverty History,'' said Richard Murphy, a director at U.K.-based Tax Research Ltd. and author of a book called "Money Matters: Artist's Financial Guide.'' "He is setting a poor example by his tax affairs.''
Moi? I was Letting Off SteamOriginally posted by daltonr
sherib wrote:
someone needs to tell him to spare us his self-serving lectures
Who does your lecture above serve?
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