Interesting article on abcnews.com:  Where the Stars Hide Their Money:  Come Visit Your Money, Stay for the Heineken Tour — the Netherlands Is the Latest Tax Shelter Hot Spot, by Aswini Anburajan:

U2, the Rolling Stones, movie stars, sports figures and a host of corporations have turned to an unlikely accountant, the Netherlands, to help them avoid paying taxes on multimillion dollar profits in their home countries.

Bands like the Rolling Stones and U2 were publicly outed last summer for using tax shelters in the Netherlands to protect the millions they earn on royalties from getting taxed in their respective home countries. They are part of a growing number of celebrities who’ve turned to the low-tax, politically stable Netherlands to protect royalties they earn legally from licensing intellectual property — from J.Lo’s derriere to U2’s hit song "One." And the Dutch have beckoned by overhauling their tax structure this past year to make it easier and more lucrative for individuals and corporations to set up shell companies that allow income from royalties, interest and dividends to flow in and out of the country tax-free.

(Hat Tip:  Ann Murphy.)  Prior TaxProf Blog Coverage:

• Gimme Shelter: Rolling Stones Use Netherlands Tax Shelter to Reduce Tax Rate to 1.5% (2/5/07)
• Slate: Bono, Tax Avoider; The Hypocrisy of U2 (11/2/06)
• Not a Beautiful Day for Ireland: U2 & Bono Bail Out to Avoid Irish Tax (10/17/06)
• Not a Beautiful Day for Ireland: U2 & Bono Bail Out to Avoid Irish Tax (8/8/06)
• Gimme Shelter: Rolling Stones Use Offshore Trusts to Pay 1.6% Tax Rate on Their Earnings (8/3/06)