Friday July 10, 2020

Dutch reforms set to hit U2's tax edge

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

1st March, 2018
U2 accepting an award at the MTV EMAs at Wembley last year. Pic: Getty

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 broke out as stars in the 1980s. McGuinness would not have it any other way. This ownership is central to the band's personal wealth, estimated to be in the region of $850 million (split five ways between the four band members and McGuinness).

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