http://bloomberg.com/apps/news?pid=20601109&sid=aef6sR60oDgM&refer=home(snip)
Oct. 16 (Bloomberg) -- Bono, the rock star and campaigner against Third World debt, 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.
After Ireland said it would scrap a break that lets musicians and artists avoid paying taxes on royalties, Bono and his U2 bandmates earlier this year moved their music publishing company to the Netherlands. The Dublin group, which Forbes estimates earned $110 million in 2005, will pay about 5 percent tax on their royalties, less than half the Irish rate.
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``They've paid plenty of money up to now,'' said Peter Cooper, 58, who lives in Bray, near Bono's home in Dalkey. ``I think they are quite right'' to move the company abroad.
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``I don't think it's justified,'' said Sean Lynch, a 28- year-old artist. ``Social conscience is the thing I would like to address to them.''
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