The Ranting Kraut

19.3.2006 – 27.9.2010

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.

How did Peter Bauer define development aid again? “… a process by which the poor in rich countries subsidise the rich in poor countries“!


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