Tags: APFN | EU | Paradise Papers | Bono

Bono among Figures Named in Leak of Tax-haven Documents

Monday, 06 November 2017 08:38 AM

LONDON (AP) — Leaked papers revealing investments in tax havens by the world's wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania.

The Guardian newspaper says the "Paradise Papers" document trove reveals that the singer was an investor in Maltese company Nude Estates, which bought the Ausra shopping center in 2007.

Bono's spokeswoman told the paper that the rocker, whose real name is Paul Hewson, was a "passive minority investor in Nude Estates Malta Ltd., a company that was legally registered in Malta until it was voluntarily wound up in 2015."

The Irish band has faced past criticism over its tax arrangements.

In 2011 protesters inflated a giant balloon reading "U Pay Tax 2?" during U2's set at the Glastonbury Festival.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
Leaked papers revealing investments in tax havens by the world's wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania.The Guardian newspaper says the "Paradise Papers" document trove reveals that the singer was...
APFN,EU,Paradise Papers,Bono
132
2017-38-06
Monday, 06 November 2017 08:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved