Limousine Liberal hypocrisy on parade... In just the last month, British serial entrepreneur and bleeding heart Richard Branson admitted that he has been living as a de-facto tax exile in the British Virgin Islands for the last seven years. Although he denies tax considerations as a motivation for the move to his private island, Necker (he says it’s for his “health”), he recently sold his British residence to his kids and declared himself a non-resident. Across the Irish Sea, U2 frontman Bono, whose net worth is estimated at $600 million, recently slammed big oil companies for allegedly failing to pay taxes in poor countries where they operate. His pious statements were met with a round of applause – though just days earlier he had defended U2’s own use of offshore companies to reduce taxes in response to the Irish government’s decision to cap artists’ tax-free income at €250,000.
Posted on: Tue, 22 Oct 2013 17:00:30 +0000
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