Rock N Roll of Charity ends in 2008

“It is extraordinary to me that you can find $700 billion to save Wall Street and the entire G8 can’t find $25 billion to save 25,000 children who die every day of preventable treatable disease and hunger,” the U2 lead singer told Clinton’s fourth annual philanthropic summit in New York. “That’s mad, that is mad.”–reuters

–September 25, 2008

U2 Stock options in Live Nation — October 31, 2008

Ireland has one of the highest rates of poverty among developed countries, ranking third highest in the 2005 United Nations Human Development Index. *

*Source: 2005 United Nations Human Development Index

and yet,

“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. Although Bono has declined to comment on the move, the band’s lead guitarist, David “the Edge” Evans, said, “Of course we’re trying to be tax-efficient. Who doesn’t want to be tax-efficient?'” —January, 2006

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