Can you believe this man????
Bono, the rock star and campaigner against Third World debt, is asking governments around the world to contribute more tax dollars to relieve African countries’ debts. However, he's reducing his own tax payments that could help fund that aid.
A familiar paradox about celebrities is that their embrace of progressivism almost never includes an embrace of progressive taxation, i.e., the principle that the richer you get, the larger the percentage of your income you ought to pay in taxes.
Bono’s band, U2, has transferred the rights to its music catalogue and the rights to U2 merchandise to a tax-exempt company in the Netherlands. So, when Bono performs in New York, London or Sydney, where people actually pay tax, a significant portion of the box office and all the merchandise revenue goes tax free to the Netherlands’ company for licensing the music for the performance, the CDs and the T-shirts.
“Faith and begorrah! The trut’ is out!” said a surprised Bono when asked about his tax scam. “Dat’s nawful. Divil take de wanker who tol’ you! I’ll bate and mangle ‘im.”
“Like eh, I need da doh … for me privat’ jit ... ta git ta Afr’ca, ‘a course. We got ta git rid a tird whirl dit, so I got ta save me doh ta do t’at. Nah f*ck off!”
2007-03-24
02:19:17
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7 answers
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asked by
holeeycow
5
in
Entertainment & Music
➔ Celebrities