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Gimme Shelter: Rolling Stones Use Offshore Trusts to Pay 1.6% Tax Rate on Their Earnings

Stones Interesting article in The Daily Mail:  Stingy Stones Avoid Tax on £240m Fortune, by Katie Hind:

The Rolling Stones have paid just 1.6% tax on their earnings of £242million over the past 20 years, it has emerged. Documents published in Holland show that Sir Mick Jagger, Charlie Watts and Keith Richards used offshore trusts and companies to ensure tax breaks. Of the fortune they have accumulated since 1986 for royalties, they have paid just £3.9 million in taxes. The revelation emerged after the three set up a will to ensure that their beneficiaries do not end up squabbling over their money when they die. The band appear to have been spurred into action after Richards had brain surgery following a fall from a coconut tree this year.


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