Sunday, October 12, 2014

Bono: controversial tax laws have brought Ireland the only prosperity it’s ever known

The Observer
October 12, 2014

From stadium-packing rock star to champion of the impoverished, Bono has fronted a band and causes that have endeared him to millions. But the U2 frontman is likely to alienate more people than he wins over with his latest rallying cry: backing Ireland’s corporate tax regime.

In an interview with the Observer, the Irish singer says his country’s tax policies have “brought our country the only prosperity we’ve known”.

Bono said: “We are a tiny little country, we don’t have scale, and our version of scale is to be innovative and to be clever, and tax competitiveness has brought our country the only prosperity we’ve known.

“That’s how we got these companies here … We don’t have natural resources, we have to be able to attract people.”