from Sun-Sentinal.com
U2 Ltd., the Irish band's music publishing company, raked in $30 million-plus last year -- and $25.8 million of it went to five unidentified "employees," according to documents obtained Friday by The Associated Press.
Those "employees" are suspected to be the band members and their longtime manager, Paul McGuinness. But U2's public relations firms in Dublin and London refused to confirm that.
While Bono has won accolades worldwide for raising awareness of Third World poverty, he has been criticized for moving U2's corporate offices out of Ireland to avoid paying taxes. The U2 Ltd. documents show the band moved its corporate base last year from Ireland to the Netherlands, where royalties on music incur virtually no tax.
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