Tuesday, February 06, 2007

Greedy, Bloody Greedy

If you are going to ask the honest and modestly paid folks of the world to front the cost of the world's suffering, it helps to toss in a few of your own doubloons...

Rolling Stones follow U2 tax haven trail to the Netherlands - home to 20,000 mailbox companies

A report in the New York Times on Sunday Feb 04, 2007, says that documents maintained by the Handelsregister, the trade registry of the Netherlands, show that Promogroup, which also works for U2, helped Mick Jagger, Charlie Watts and Keith Richards, set up a pair of private Dutch foundations that will allow them to transfer assets tax-free to heirs when they die. Other Dutch shelters that Promogroup has arranged for the three have already paid off handsomely; over the last 20 years, according to Dutch documents, the three musicians have paid just $7.2 million in taxes on earnings of $450 million that they have channeled through Amsterdam — a tax rate of about 1.5 percent, well below the British rate of 40 percent.

This is not to discourage people from giving. YOU! GIVE! NOW! However, maybe it is more important to give because it is the right thing to do rather than depending on talking heads like Bono, the Bush Sr/Clinton amalgatron, or the Katrina emotion-puller du jour to remind you. There are plenty of people that can use a hand pulling their disrupted lives back together including those in your own community.



Dean Wormer said...

Also- if you work for a big corporation a lot of those companies have giving plans where funds can be directly taken out of your paycheck and sent to a charity of your choice with the company actually matching up to a certain dollar amount.

Kind of a Robin-hoody thing.

Sad to see Bono on that list of tax skanks but not surprising. I saw U2 last year and "giving" was a big part of the message. He even had the lights go down and asked everybody to hold up and turn on their cell phones and then they flashed a number of the charity du jour.

One last thing- Mercy Corps is a great charity.

Don Snabulus said...


Pandabonium said...

Maybe they've been listening to Pink Floyd - "Money, its a crime.
Share it fairly but don't take a slice of my pie."