Bono: ‘We pay a fortune in tax – people think because I’m an activist I should be stupid in business’
U2 front man Bono has defended the band’s tax arrangements, which sees them base some of their business interests in the Netherlands.
Speaking to Sky News, he said that the band employ a lot of ‘smart people’ to deal with their tax affairs.
“We have smart people working for us trying to be sensible about the way we’re taxed.”
The Edge added: “So much of our business is outside of Ireland. It’s ridiculous to make a big deal about the fact that we operate outside of Ireland, everything we do is outside of Ireland.”
Bono said the band already pay a huge amount in tax – and that just because he is a high profile activist doesn’t mean he has to be stupid in business.
“And we pay a fortune in tax, just so people know, we pay a fortune in tax – and we’re happy to pay a fortune in tax, people should.
“But that doesn’t mean because you’re good at philanthropy and because I’m an activist. People think you should be stupid in business, I don’t run with that.”
The band are currently in Canada where they opened their latest world tour last night.
Rumours abound that the group will announce an Irish date for the Three Arena around Christmas - however it will not be part of this current tour as the stage won't fit.
Larry Mullen had to break from the band's rehearsal schedule after the passing of his father Larry Senior at the age of 92 earlier this week.