Bono, the tax avoider

CommuterIE

This guy is going around telling people to send money to Africa, yet his band moved most of their tax affairs offshore in 2007. Is this guy a complete eifit/muppet or what?? The gall of him to parade around about other countries ills when we are in a right mess ourselves... yet to save a lot of money, they put their earnings elsewhere, hypocritical dickhead imo :mad:

Deadalus

Why should he show any loyalty to Ireland. They get nothing but abuse here.

Damokc

MOVED TO 4 YEARS AGO

the groutch

CommuterIE

Deadalus wrote: »

Why should he show any loyalty to Ireland. They get nothing but abuse here.

lmfao, for obvious reasons I think!!!! Tax avoidance doesn't go down well you see, especially when Bono goes around trumpeting on about giving to third world countries... can I ask how much money Bono has given??

afrodub

Deadalus wrote: »

Why should he show any loyalty to Ireland. They get nothing but abuse here.

+1


.. this is so true,yet the band are much respected for their talents, as shown by their sell out tours all over the World

murraykil

Many millions as he is resident here and pays millions in tax each year on his wages from U2 ltd, which has more cash to pay it's employees due the Netherlands allowing tax free music royalty earnings. He will probably pay his biggest multi-million tax contribution this (next?) year now that he is out on the highest grossing tour ever.

InchicoreDude

lmfao, for obvious reasons I think!!!! Tax avoidance doesn't go down well you see, especially when Bono goes around trumpeting on about giving to third world countries... can I ask how much money Bono has given??

Given to what? to who? to 3rd world countries? I dont know how much money he has given. I'd imagine he has given more than me. And I know he he has given lots of his time to promoting these causes which he is under no obligation to do. Bono throwing a few million at Africa wont solve the problem.... But his campaigning can and has made a difference.

Also, I fail to see how Irish people can criticise any Irish company for moving abroad to get more favourable tax breaks. Ireland does exactly the same to attract multinationals here; What would we do if Google, Microsoft, Facebook showed loyalty to USA or SAP showed loyalty to Germany? How many less jobs would we have in Ireland?

blahfckingblah

i dont think i can comment without showing my contempt for bono but il try anyway and just say he should look a lot closer to home than africa sometimes.

murraykil

CommuterIE wrote: »

Before you post, know the facts!!! U2 ltd is what was moved offshore

http://www.telegraph.co.uk/news/1525823/U2-move-their-assets-out-of-Ireland.html

Before you quote, read my post!!!

Bono, Irish resident, employee of U2 Ltd. thus Bono liable for tax in Ireland on his earnings from U2 Ltd.

CommuterIE

InchicoreDude wrote: »

Given to what? to who? to 3rd world countries? I dont know how much money he has given. I'd imagine he has given more than me. And I know he he has given lots of his time to promoting these causes which he is under no obligation to do. Bono throwing a few million at Africa wont solve the problem.... But his campaigning can and has made a difference.

Also, I fail to see how Irish people can criticise any Irish company for moving abroad to get more favourable tax breaks. Ireland does exactly the same to attract multinationals here; What would we do if Google, Microsoft, Facebook showed loyalty to USA or SAP showed loyalty to Germany? How many less jobs would we have in Ireland?

You my friend are confusing multinationals with a rock band... U2 moving their business offshore to avoid taxes really pisses off their fans and the public in general at home... it ****ing stinks! This country is going down the tube... and this moron still visits Grafton St advocating more aid, hey Bono, why not give the multi-million windfall from your treason to these countries???

Deadalus

InchicoreDude wrote: »

Given to what? to who? to 3rd world countries? I dont know how much money he has given. I'd imagine he has given more than me. And I know he he has given lots of his time to promoting these causes which he is under no obligation to do. Bono throwing a few million at Africa wont solve the problem.... But his campaigning can and has made a difference.

Also, I fail to see how Irish people can criticise any Irish company for moving abroad to get more favourable tax breaks. Ireland does exactly the same to attract multinationals here; What would we do if Google, Microsoft, Facebook showed loyalty to USA or SAP showed loyalty to Germany? How many less jobs would we have in Ireland?

+1

Typical Irish begrudgery. How dare the multi millionaire only give some of his millions to charity.

PomBear

I'll just leave this here

The non-profit One campaign received almost £9.6million in donations in 2008 but handed over only £118,000 to good causes.

Figures show that the group also spent more than £5.1million on executive and staff salaries.

One insisted that it was focused on lobbying, not funding charities.

The figures were published by the New York Post, which was one of several US newspapers to receive a host of expensive gifts including leather notebooks valued at £9.60, bags of coffee worth the same amount and £13 water bottles.

The presents were delivered separately in oversized shoe boxes to coincide with this week’s UN summit on the millennium development goals in Manhattan.

One said it took no money from the public and that most of its funding came from the Bill & Melinda Gates Foundation. Spokesman Oliver Buston said: ‘We don’t provide programmes on the ground. We’re an advocacy and campaigning organisation.

‘There is a rich and vibrant debate in the UK media about aid that doesn’t happen in the US media.

‘This was an attempt, perhaps in hindsight not the best way, to get our message across.’

Mr Buston added that One employs nearly 120 people worldwide and so the £5.1million spent on wages would result in an average salary of about £42,500.

The charity grants for £64,000 were mostly handed over as prizes to the winners of One’s annual award for ground-breaking advocacy in Africa.

Another initiative spearheaded by Bono to help millions of Aids sufferers in Africa – Red – was criticised in 2007 after it was claimed it raised only £9million for the needy despite costing an estimated £50million to set up. Red disputed this figure.

A spokesman for One said the group was registered as a non-profit organisation in the US, although it did not benefit from British tax breaks for charities.

Read more: http://www.metro.co.uk/news/841666-bono-under-fire-over-one-charity-donations-totalling-9-6m#ixzz1TWqGOg24

ei.sdraob

Deadalus wrote: »

+1

Typical Irish begrudgery. How dare the multi millionaire only give some of his millions to charity.

More like how dare a guy raise his head voice above the sheep herd and become a multimillionaire

afrodub

murraykil wrote: »

Before you quote, read my post!!!

Bono, Irish resident, employee of U2 Ltd. thus Bono liable for tax in Ireland on his earnings from U2 Ltd.

+1 Well said

Deadalus

CommuterIE wrote: »

You my friend are confusing multinationals with a rock band... U2 moving their business offshore to avoid taxes really pisses off their fans and the public in general at home... it ****ing stinks! This country is going down the tube... and this moron still visits Grafton St advocating more aid, hey Bono, why not give the multi-million windfall from your treason to these countries???

Im pretty sure they have more fans abroad than they do in Ireland so they are probobly only pissing off a very small amount of their fans. Can't please everyone I suppose.

murraykil

afrodub wrote: »

+1 Well said

He / She deleted his / her post quickly! Had Bono joined the 27 club he'd be more appreciated in Ireland!

nesf

the groutch wrote: »

Indeed.