meehawl

all that is solid melts into air, all that is holy is profaned

Flight of the Dubs

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U2 [is] to relocate its music-publishing business from Ireland to the Netherlands in order to shelter its songwriting royalties from taxation … Ireland’s finance minister announced a ceiling of $319,000 on tax-free incomes, and six months after that, U2 opened its Amsterdam office. The relocation of U2’s music publishing will halve taxes on the band’s songwriting royalties, which already reportedly total $286 million. Although Bono has declined to comment on the move, the band’s lead guitarist, David “the Edge” Evans, said, “Of course we’re trying to be tax-efficient. Who doesn’t want to be tax-efficient?'”

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