‘Wealthy hyp­ocrite’

The Washington Times Weekly - - Culture, Etc. -

“Bono, the rock star and cam­paign­er­a­gain­stThirdWorld­debt,is ask­ing the Ir­ish gov­ern­ment to con­trib­ute more to Africa. At the same time, he’s re­duc­ing tax pay­ments that could help fund that aid. [. . .]

“Ire­land’s fi­nance min­is­ter an­nounced a ceil­ing of $319,000 on tax-free in­comes, and six months af­ter that, U2 opened its Am­s­ter­dam of­fice. The re­lo­ca­tion of U2’s mu­sic pub­lish­ing will halve taxes on the band’s song­writ­ing roy­al­ties, which al­ready re­port­edly to­tal $286 mil­lion. [. . .]

“U2’s tax-shel­ter scheme caused an up­roar in Ire­land when the story broke there in Au­gust. But it’s scarcely raised a rip­ple in the UnitedStates.Acon­ser­va­tive­would ar­gue that’s be­cause in this coun­try, we don’t be­grudge a man the op­por­tu­nity to keep what he earns off the sweat of his brow [. . .] even if that man spends half his time try­ing­to­goad­gov­ern­mentsin­tospend­ing more to al­le­vi­ate poverty. But a lib­eral could an­swer that in the United States, we are so used to see­ing rich peo­ple avoid tax­a­tion that even a wealthy hyp­ocrite who shel­ters his cash abroad can no longer qual­ify as news.”

Ti­mothy Noah, writ­ing on “Bono, Tax Avoider,” in Slate at www.slate.com

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.