Dutch reforms set to hit U2's tax edge

Dutch reforms set to hit U2's tax edge
U2 accepting an award at the MTV EMAs at Wembley last year. Pic: Getty

A move by the Netherlands which would affect U2's operations is not surprising, given the prevailing international climate against tax efficiency by high net worth individuals and corporates

Back in 2013, when he sold his Principle Management music agency and stepped back from the day-to-day management of U2, Paul McGuinness boldly proclaimed that U2 had never subscribed to the ''rock and roll code of conduct''.

He was undeniably right - U2 is a canny commercial operation backed up by an undeniable creative talent.

Unlike most bands, U2 retained ownership of their music ever since they...

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