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To: majordivit
But as brilliant as she is, and I do believe she is, the issue of taxes may have been out of her field of expertise. Most people have no clue that Ireland is the reside to go if you are raking it in like these guys. Of course, Bowie would know that, but most musicians are not quite as bright as he is. And, Bono knows it. But, he is not telling anyone! :)
61 posted on 03/24/2002 3:41:34 PM PST by summer
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To: summer
I meant to type: ...that Ireland is the place to reside...
62 posted on 03/24/2002 3:42:40 PM PST by summer
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To: summer
,,, none of these artists know much to start with about day to day hedging of funds, taxation treatments, domiciling of bank accounts or any mechanisms within that realm. As time goes on, they tend to know even less, usually. They tell their manager what they want, the manager tells their accountant what's been bought. The accountant pays for anything the record company doesn't. When all that's done, the last thing that's paid is tax, if at all. Usually, there's a loss making hotel or aircraft leasing deal at the very least to offset any danger of that.
66 posted on 03/24/2002 3:50:42 PM PST by shaggy eel
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