The musician Bono travels the world urging governments and other to aid Africa and forgive debt. One reason he can afford to do that may be that he structures his own affairs so as to minimize his tax liabilities. Slate's Timothy Noah wrote about this back in 2006. It's back in the news now because, as the Tax Foundation blog reports, the finance minister of Ireland has proposed a "Bono Tax" to rectify the fact that "many of the top earners in Ireland pay less than 5% of their income in tax due to exemptions and deductions."
Bono, Tax Avoider
https://www.futureofcapitalism.com/2009/12/bono-tax-avoider
by Editor | Related Topics: Europe, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list