Bono - Paradise Papers

In case anyone is wondering 'What is The Paradise Papers'...

https://www.theguardian.com/news/series/paradise-papers

Paradise, Lithuanian Style

I'm not such a smart ass about this. But I don't see why this is really a big problem and why those people are like the devil if they do these things.

Probably I should learn more about this. Besides, I don't care much about the things Bono does*, he should make music and go touring 

* Alright. I care the music comes from a good man. But still 

For a man whose net worth is around 650 million maybe more I guess he can invest in things he has never seen as long as his people know he will make more money.

Lithuanian Soul

Haha

I'm Lithuanian ancestry


Sent from my iPhone using Tapatalk

Wow. So, er, this means a rich person made an investment. I am shocked.

Wow. So, er, this means a rich person made an investment. I am shocked.

No, it means that the rich can find ways to avoid paying tax using off-shore accounts whilst the rest of us plebs have to pay our fucking taxes like we ought to.

The greedy bastards can afford to pay their taxes and don't whilst we struggle along and do, and people like you are quite comfortable in letting them off the hook and saying things like 'that's life' etc. I hope you realise that people like you and me are paying more tax to make up for the tax avoidance these conniving greedy fat cats are getting away with. If you're happy about that then good on you. I don't agree with it and I'm glad these people are being uncovered for what they are: greedy bastards.

It's morally wrong. It's even worse when people like Bono are begging governments to use our taxes for foreign aid, when he himself can't be bothered to fork out what he owes. It's a ridiculous position he inhabits and I feel his position as a campaigner is untenable unless he sorts his tax affairs out.

The 'so bad it's almost funny' leak is concerning the queen's creative accounting. Apparently some accounts linked to the 'duchy' are sitting in 'offshore' banks. you couldn't make this up.

Nothing Burger 🍔

Zzzzzzzzzzzzz

I've got no issue with rich people paying no more in taxes than they are obliged to.

I do have a problem with politicians making it easy for them.

As it goes the rich get richer and the poor get poorer.

Quote from: Argo on November 05, 2017, 07:57:38 PM

Wow. So, er, this means a rich person made an investment. I am shocked.

No, it means that the rich can find ways to avoid paying tax using off-shore accounts whilst the rest of us plebs have to pay our fucking taxes like we ought to.

The greedy bastards can afford to pay their taxes and don't whilst we struggle along and do, and people like you are quite comfortable in letting them off the hook and saying things like 'that's life' etc. I hope you realise that people like you and me are paying more tax to make up for the tax avoidance these conniving greedy fat cats are getting away with. If you're happy about that then good on you. I don't agree with it and I'm glad these people are being uncovered for what they are: greedy bastards.

It's morally wrong. It's even worse when people like Bono are begging governments to use our taxes for foreign aid, when he himself can't be bothered to fork out what he owes. It's a ridiculous position he inhabits and I feel his position as a campaigner is untenable unless he sorts his tax affairs out.

Then make a placard and do a sit-down protest at the next U2 gig. "Your shite glasses were paid for with OUR TAXES!"

What is a passive, minority investor? Let's go to school...

Minority shareholders often do not work at the company, and are not involved in management, making them, for lack of a better word, “passive investors.”  While no broad rule can ever be applied to everyone, it is these types of minority shareholders who are the most vulnerable to abuse by the majority shareholders. (https://www.nmmlaw.com/sdnj/tag/passive-minority-shareholder/)

If you think Bono's sitting in his secret French Riviera lair, James Bond villain style, rubbing his hands together at the acquisition of a Lithuanian shopping mall, and all the taxes he's going to rort through it, then you've got bigger problems...

Quote from: Argo on November 05, 2017, 07:57:38 PM

Wow. So, er, this means a rich person made an investment. I am shocked.

No, it means that the rich can find ways to avoid paying tax using off-shore accounts whilst the rest of us plebs have to pay our fucking taxes like we ought to.

The greedy bastards can afford to pay their taxes and don't whilst we struggle along and do, and people like you are quite comfortable in letting them off the hook and saying things like 'that's life' etc. I hope you realise that people like you and me are paying more tax to make up for the tax avoidance these conniving greedy fat cats are getting away with. If you're happy about that then good on you. I don't agree with it and I'm glad these people are being uncovered for what they are: greedy bastards.

It's morally wrong. It's even worse when people like Bono are begging governments to use our taxes for foreign aid, when he himself can't be bothered to fork out what he owes. It's a ridiculous position he inhabits and I feel his position as a campaigner is untenable unless he sorts his tax affairs out.

The 'so bad it's almost funny' leak is concerning the queen's creative accounting. Apparently some accounts linked to the 'duchy' are sitting in 'offshore' banks. you couldn't make this up.

Hmmm, I am pretty comfortable knowing that in the country I live, the level of taxes that Bono does or doesn't pay in no way impacts the level of tax that I pay. Whilst my initial post was actually nothing about tax, given you mention it and also make some pretty gratuitous assumptions as to my personal views on taxation issues, I am all for people structuring their affairs to minimize the tax they pay - but definitely not to avoid tax they are legally obliged to pay. 

Here’s my view on taxes and Bono: It was a great business move moving U2’s corporation to a more tax favorable nation. I believe in minimal taxes. However, Bono can’t get on his soapbox and advocate for everyone else to dig in their pockets to support whatever social cause he’s championing at the moment, all the while “his” corporation is trying to pay as little as possible. Think of all the refugees U2’s corporate tax dollars could of supported in Ireland.

Here’s my view on taxes and Bono: It was a great business move moving U2’s corporation to a more tax favorable nation. I believe in minimal taxes. However, Bono can’t get on his soapbox and advocate for everyone else to dig in their pockets to support whatever social cause he’s championing at the moment, all the while “his” corporation is trying to pay as little as possible. Think of all the refugees U2’s corporate tax dollars could of supported in Ireland.

Yup. I agree. I don't have an issue with anyone paying as little tax as they can as long as it's within the law.

What gets tricky with Bono is he's campaigning for foreign governments to spend their tax dollars on his causes. It just doesn't look good on him to ask for people's taxes to go towards projects he supports all the while he is trying to minimize how much he pays in tax.