Saturday 16 December 2017

Eamon Delaney: Bono's support for ineffective aid out of date

Fair play to Bono. You have to hand it to him. When it was revealed that U2 had moved its business to Holland to avail of low tax rates there, Bono immediately took some heat given that he'd been telling us all to give more money to Africa – and if need be by paying more taxes.

He also admonished Western governments for not supporting Africa, but they can only do this if they raise taxes, which people should not be trying to avoid giving.

But Bono came up with a clever defence: sure, didn't Ireland base its economic success on inward foreign investment based on low tax rates, so what was wrong with U2 doing the same?

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