brownie Posted August 2, 2006 Report Posted August 2, 2006 A real beggars' banquet From AccountancyAge... STONES GET PLENTY OF TAX "SATISFACTION" Ageing rockers benefit from Dutch-based umbrella company AccountancyAge.com, Accountancy Age, 02 Aug 2006 The Rolling Stones, the world’s oldest and arguably most successful rock band – bar the Beatles – has paid just £3.8m in taxes in two decades of music making and touring. According to The Independent, Mick Jagger and company, earned a whopping £240m over the last 20 years, but paid just 1.6% of this back in taxes because the band’s parent business entity, Promogroup is based in the Netherlands. The band's tax rate is so low because there is no direct tax on royalties in the Netherlands, unlike in other countries. Since 1972, the Stones have been putting all their royalties into the Netherlands. Quote
BruceH Posted August 2, 2006 Report Posted August 2, 2006 ....And they don't even have to live there??? Quote
The Magnificent Goldberg Posted August 3, 2006 Report Posted August 3, 2006 I knew they were shits in 1962. MG Quote
Tony Pusey Posted August 4, 2006 Report Posted August 4, 2006 Street Fighting Men! I am with you MG, shits.... Quote
ejp626 Posted August 4, 2006 Report Posted August 4, 2006 Well, what about Ireland? Creative types, such as the members of U2, essentially pay no income tax on the proceeds from their art. Quote
marcello Posted August 4, 2006 Report Posted August 4, 2006 ....And they don't even have to live there??? Only the Corporation. Quote
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