1 post tagged “u2”

I’m sure he doesn’t mean to, but kill babies he does.

U2 are currently whoring their bollock shrivelingly turgid new album round the media. You can bet not a one of them will ask a question about tax planning.

Bono and U2 have been involved in a long standing tax avoidance scheme to ensure that little of their huge fortune ends up in the Government coffers. After Ireland had the temerity to rule that artists should pay 12.5% corporation tax on annual earning over 250,000, U2 shifted their operation to the Netherlands. They now pay a tiny percentage of tax, in comparison to their poor misguided fans.

Tax avoidance, as everyone knows, kills babies. Denying revenue to the Exchequer means hospitals, nurses, doctors and incubators are under funded. It also reduces the amount of money governments can give in foreign aid. Bestriding the world, sanctimoniously preaching debt relief to all who will give him airtime, a lesser man might stumble under the sheer weight of hypocrisy – not Bono.