Belfast Telegraph

Thursday 25 December 2014

Bono defends U2's tax arrangements

Bono says 'the cranky left' do not appreciate U2's position on tax
Bono says 'the cranky left' do not appreciate U2's position on tax

Bono has made a fresh defence of U2’s tax arrangements, claiming the Irish government would ultimately appreciate the band’s decision to deposit a share of its multimillion-pound business offshore in the Dutch Antilles.

He rejected the accusation that it was hypocritical for him to criticise the government’s economic strategies in Ireland and blamed the “cranky left” for not appreciating the band’s position.

“U2 is in total harmony with our government’s philosophy,” he told The Observer. “Tax competitiveness has taken our country out of poverty. [The revenue] accept that if you engage in that policy then some people are going to go out, and some people are coming in.”

He added: “At the heart of the Irish economy has always been the philosophy of tax competitiveness. On the cranky left that is very annoying, I can see that. But [that] is why Ireland has stayed afloat.”

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Capricorn:

Your dry humour will be very popular. It's always difficult bringing a large group of people together. Everybody feels like they are walking on eggshells. After cracking a few jokes, you'll put the group at ease. Resist the temptation to make fun of relatives, especially the more sensitive members of the group. Nobody likes feeling singled out. Watching a light hearted comedy can also be a great way to generate a festive atmosphere. This is a time when people can put their differences aside.More