BONO LINKED TO TAX PROBE IN LITHUA­NIA

Business Daily (Kenya) - - THE WEEKENDER -

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”.

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