Sunday, October 22, 2006


It isn't just Bono's U2 who are talking through their hat about tax avoidance
...What is surprising is that the rest of the world continues to take Bono seriously. I would have thought that after the revelation that U2 moved their music publishing company to the Netherlands to cut their tax bill in half, he wouldn't have dared stepped out of his mansion for fear of being laughed to scorn.

Here was a man who incited audiences to condemn Western politicians for not sending enough of their taxpayers' money to the wretched of the earth, avoiding tax himself. The Edge, U2's guitarist, sounded as edgy as a plump accountant in the 19th hole when he explained the move offshore by saying: 'Our business is a very complex business. Of course we're trying to be tax-efficient. Who doesn't want to be tax-efficient?'...