D
daltonr
Guest
> So, it's OK for citizens to pay tax up to 42%
Yes and as an Irish citizen and Irish resident any income he makes in a personal capacity will be taxed in exactly the same way as yours. Asuming you pay all your tax of course.
Only the bands music publishing business is being moved. And businesses in Ireland already pay a lower rate than individuals so unless you want to bump up corporation tax to 20% and 42% bands then the comparisons you are drawing between U2 and Mr Joe PAYE are spurious.
If you do tax business the same as individuals then believe me, Bono won't be your biggest problem.
-Rd
Yes and as an Irish citizen and Irish resident any income he makes in a personal capacity will be taxed in exactly the same way as yours. Asuming you pay all your tax of course.
Only the bands music publishing business is being moved. And businesses in Ireland already pay a lower rate than individuals so unless you want to bump up corporation tax to 20% and 42% bands then the comparisons you are drawing between U2 and Mr Joe PAYE are spurious.
If you do tax business the same as individuals then believe me, Bono won't be your biggest problem.
-Rd