U2 frontman Bono used low-tax Maltese company to invest in Lithuanian shopping centre

U2 rocker Bono put his money in a shopping center in Lithuania and “Material Girl” Madonna invested in a medical supply company, according to a trove of leaked documents that show how the 1 percent stay among the world’s wealthiest.
The “Sunday Bloody Sunday” singer, whose real name is Paul Hewson, was an investor in Nude Estates, a company in Malta that bought the mall in Utena, a small town about 60 miles from the country’s capital Vilnius in 2007, according to the records dubbed the “Paradise Papers” and released by the International Consortium of Investigative Journalists.
Bono’s spokeswoman told the Guardian that he was a “passive, minority investor” and that Nude Estates was “legally registered” in Malta, a well-known tax haven for the rich.
Along with Madonna’s interest in a medical supply company, the papers show how the world’s rich and famous and politically ​powerful​ used offshore financial systems to hide their investments​ or cash.​
​Others exposed in the Paradise Papers include ​President Trump’s Commerce Secretary Wilbur Ross’ connection to a shipping company partly owned by Russian President Vladimir Putin’s son-in-law, the Queen of England investing millions of dollars in a Cayman Islands fund and how Canadian Prime Minister Justin Trudeau quietly moved millions to a Cayman trust.
U2 frontman Bono used low-tax Maltese company to invest in Lithuanian shopping centre U2 frontman Bono used low-tax Maltese company to invest in Lithuanian shopping centre Reviewed by Alexander Von Stern on 22:12:00 Rating: 5