BONO LINKED TO TAX PROBE IN LITHUANIA
A Lithuanian shopping mall partly owned by U2’s Bono is under investigation for potential tax avoidance, following a probe prompted by the Paradise Papers.
The mall allegedly avoided paying 47,000 euros (£41,500) in local taxes using an unlawful accounting technique.
The company running the mall, in the city of Utena, denies any wrongdoing.
The leaked documents show that Bono owned a stake in a Maltese holding company that bought the mall, via a Lithuanian holding company, in 2007. In a statement, the Irish entertainer and antipoverty campaigner, also known as Paul David Hewson, said he had been “assured by those running the company that it is fully tax compliant”.