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Charles Payne

Tim Cook Explains Luck Of The Irish

 
Tim Cook Explains Luck Of The Irish
Posted May 22nd, 2013 @ 8:30am

Market Commentary
By Charles Payne, CEO & Principal Analyst 

I wanna run, I want to hide
I want to tear down the walls that hold me inside
I want to reach out and touch the flame
Where the streets have no name

I want to feel sunlight on my face
I see the dust-cloud disappear without a trace
I want to take shelter from the poison rain
Where the streets have no name
Where the streets have no name
Where the streets have no name
—U2


"For the record U2 and the individual band members have a totally clean record with every jurisdiction to which they are required to pay tax and have never been and will never be involved in tax evasion" 
—The Edge to the Baltimore Sun

When U2 saw its taxes leap to $1.1 million in 2006 after only having to pay $46,500 in 2005, the band did what any smart band would do ... moved its corporation to a cheaper tax domain. The move to Amsterdam must have saved the band hundreds of millions on the more than $1.0 billion it’s raked in since then. It's always better to find a place where the accounts have no names to shelter hard earned bucks. 

Read more at Wall Street Strategies 

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