You too Bono!
Posted by rantingkraut on August 8, 2006
The Irish band U2 has moved part of its assets out of Ireland after a cap for artists’ tax exempt income was introduced. An interesting move, given that the band’s singer Bono has quite recently been campaigning for an increase in development aid:
Joan Burton, Irish Labour’s finance spokesman, said: “Having listened to Bono on the necessity for the Irish Government to give more money to Ireland Aid, of which I approve, I am surprised that U2 are not prepared to contribute to the Exchequer on a fair basis along with the bulk of Irish taxpayers.
(Source)
How did Peter Bauer define development aid again? “… a process by which the poor in rich countries subsidise the rich in poor countries“!
