Double Down
Well-Known Member
- Joined
- Oct 10, 2002
- Messages
- 14,349
Among developed nations, Ireland has the third highest poverty rate in the world. 24 percent of kids live in homes that are below the poverty line. Lately, Bono has been asking the Irish government to give more money toward debt relief in Africa, but at the same time, because of Ireland's tax rates, he and U2 decided to move the band's music publishing company to the Netherlands to reduce the tax burden on their royalties. They made about $110 million last year.
And by the way, Ireland's tax rates are about average, not even close to being the highest in the European Union.
http://bloomberg.com/apps/news?pid=20601109&refer=home&sid=aef6sR60oDgM
I'm all for being financially smart, and U2 has that right, but don't go around lecturing governments about how we can all do more to end poverty in the world when you won't even contribute you share. Where does Bono think the money comes from? Government money trees?
But by all means, let's put him on the cover of Newsweek and TIME, and talk about giving him the Nobel Prize.
And yes, I did get this off Slate.com.
http://www.slate.com/id/2152580/
And by the way, Ireland's tax rates are about average, not even close to being the highest in the European Union.
http://bloomberg.com/apps/news?pid=20601109&refer=home&sid=aef6sR60oDgM
I'm all for being financially smart, and U2 has that right, but don't go around lecturing governments about how we can all do more to end poverty in the world when you won't even contribute you share. Where does Bono think the money comes from? Government money trees?
But by all means, let's put him on the cover of Newsweek and TIME, and talk about giving him the Nobel Prize.
And yes, I did get this off Slate.com.
http://www.slate.com/id/2152580/