Tag Archives: ISPs

A taxing issue

Feel free to dismiss this post as an anti-U2 rant simply designed to sling mud at the choir boy reputation that the band enjoys in Christian culture.

But I think this is pretty funny

Bono, like many other wealthy celebrities, tries to avoid paying tax by using an off shore tax haven. But what about all those tax dollars that are directed towards foreign aid you say?

“Tax avoidance and tax evasion costs the impoverished world at least 160 million US dollars every year. This is money urgently required to bring people out of poverty.

“U2 is just one part of the problem. This is a much wider and systemic problem in our global financial system. Every company and individual has the responsibility to pay the right amount of tax.”

Now this probably pales in comparison to the contribution Bono has made, and I don’t want to rob him of the credit he is due.

But Bono, with shades of Metallica’s anti-napster campaign is crusading for the poor musicians suggesting that governments should monitor the internet in order to prevent file sharing. While pointing the finger firmly at the evil Internet Service Providers.

A decade’s worth of music file-sharing and swiping has made clear that the people it hurts are the creators — in this case, the young, fledgling songwriters who can’t live off ticket and T-shirt sales like the least sympathetic among us — and the people this reverse Robin Hooding benefits are rich service providers, whose swollen profits perfectly mirror the lost receipts of the music business.