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Thursday, February 15, 2007

Where The Stars Stash Their Money

But I thought taxes were a good thing! to help poor people!
Feb. 14, 2007 — U2, the Rolling Stones, movie stars, sports figures and a host of corporations have turned to an unlikely accountant, the Netherlands, to help them avoid paying taxes on multimillion dollar profits in their home countries.

Bands like the Rolling Stones and U2 were publicly outed last summer for using tax shelters in the Netherlands to protect the millions they earn on royalties from getting taxed in their respective home countries.


"So every time their song is played on the radio, or they sell an album, royalties are paid to their Dutch company, which allows them to collect millions of dollars in royalties tax-free and lowers the profits they're paying taxes on in their home countries,"

By ASWINI ANBURAJAN

read the whole story at:

http://www.abcnews.go.com/Business/story?id=2874992&page=1

Comments

The big thing is that these stars invariably are demanding more of our money to go to their pet projects.

It’s my opinion that most of the problems would go away (one way or another) if the people advocating for these solution would put their money where their mouth is.

That goes for uninsured people in the US, global warming, third world problems.......

There’s plenty of people that want a solution requiring someone else makes the sacrifices.


What’s going to happen to US industry when the global warming extremists like John McCain double the price of electricity?  I would think all these factories will close and set up in countries where they aren’t scared of technology.


The Whistler's signature
The Whistler on February 15, 2007 at 05:26 pm

But I thought taxes were a good thing! to help poor people!

It’s a good thing when they mean US, not THEM.

It’s the usual thing. celebrity types sit back in their little bubble and glare at the world around them, hurling their thunderbolts of judgement at the rest of we mere mortals. They know what’s best. Do as I say, dammit, and nevermind what I do.

Punks.


The future ain’t what it used to be.....

Pilgrim on February 16, 2007 at 06:03 am
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