U2 guitarist The Edge has dismissed current accusations that U2 has evaded paying taxes by moving part of their business to Holland. The Edge or David Evans decided to speak out after a U.S. Federal Worker Simon Moroney stated that US senator Benjamin Cardin supports Bono’s anti-poverty ONE campaign which Moroney said was a “lobbying group with no mandate or accountability.” Moroney goes on even further to say that Bono exemplified “the worst characteristics of Wall Street, both for excess and tax evasion,” and that U2 abused the tax exemption scheme for artists in Ireland to amass hundreds of millions in tax free money.
So in response…
The Edge had this to say, “For the record, U2 and the individual band members have a totally clean record with every jurisdiction to which they are required to pay tax and have never been and will never be involved in tax evasion.”
He continued, “U2 and its members have paid many, many millions of dollars in taxes to the United States Internal Revenue Service over the years. Contrary to what Mr Moroney writes, Ireland is, thankfully, not bankrupt.”
All this comes off the heels after protesters violently voiced their opinion at Glastonbury Festival last month over U2’s tax dealings. Riot police had to be called in to deal with the protesters who were part of the group Art Uncut.