Does Bono avoid tax?

Does Bono avoid tax?

Asked about his position on tax, he told Sky News that just because he had campaigned for a fairer society it did not mean he had to be “stupid” in business. Bono added: “And we pay a fortune in tax. Just so people know, we pay a fortune in tax; and we’re happy to pay a fortune in tax, people should.

Where is U2 incorporated?

documents show the band moved its corporate base last year from Ireland to the Netherlands, where royalties on music incur virtually no tax. The move, while perfectly legal, strikes a raw nerve in Ireland, whose wealthiest citizens often live as tax exiles in other European countries to avoid tax.

Does Bono pay Irish taxes?

The Irish band, whose frontman Bono advocates for causes such as justice for poorer countries, has come under fire in recent years for its tax structures. However, Bono – real name Paul Hewson – and guitarist the Edge – David Evans – subsequently said that the band paid a “fortune” in tax and was happy to do so.

Where is Bono based?

Dublin, Ireland

Bono KBE
Origin Finglas, Dublin, Ireland
Genres Rock post-punk alternative rock
Instruments Vocals guitar harmonica
Years active 1976–present

Where is U2 from in Ireland?

U2 are an Irish rock band from Dublin, formed in 1976. The group consists of Bono (lead vocals and rhythm guitar), the Edge (lead guitar, keyboards, and backing vocals), Adam Clayton (bass guitar), and Larry Mullen Jr. (drums and percussion).

Are all U2 members Irish?

How many members of the band U2 are actually Irish? Only two members of the rock band U2 were born in Ireland, lead singer Bono and drummer Larry Mullen Jr. Lead Guitarist The Edge was born in London, England to Welsh parents and Bassist Adam Clayton was born to English parents in Oxfordshire, England.

Is U2 Irish Catholic?

Bono, byname of Paul David Hewson, (born May 10, 1960, Dublin, Ireland), lead singer for the popular Irish rock band U2 and prominent human rights activist. He was born of a Roman Catholic father and a Protestant mother (who died when he was just age 14).

How tall is Bono Really?

5′ 6″Bono / Height

Why is U2 still tax-free in Ireland?

For years, the group (like other Irish artists) benefited from an Artists Tax Exemption, set up in the late 1960s, to encourage creative types to stay in their homeland. In U2’s case, the exemption kept them from being taxed on royalties, although they were still on the hook for income from, say, concert sales.

How much does U2 earn from their concerts?

U2 can earn around €5 million a night from its concerts, promoter John Giddings told the BBC last month. The band moved some of its businesses from the Republic to the Netherlands earlier this century after the Government capped a previously unlimited tax break on artistic earnings at €250,000 a year.

Is the low-tax ERA over for U2 and the Rolling Stones?

A balloon erected in front of the stage at Glastonbury where U2 were playing in 2011. The low-tax music could soon be over for U2 and the Rolling Stones as the Netherlands plans to close a loophole that rock bands use for royalty payments.

Why did U2 get attacked by the IRA?

Bono had spoken out against the IRA on stage early in the decade, and U2 received threats as a result, including supposedly reports of at least one potential kidnapping plot. But even if nothing too traumatic occurred, by arguing that both sides were at fault in the Troubles, the band had put a target on their back.