Bono among figures named in leak of tax-haven documents
LONDON — Leaked papers revealing investments in tax havens by the world’s wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania.
The Guardian newspaper said Monday that the “Paradise Papers” document trove, obtained by it and other news organizations, reveals that the singer was an investor in Maltese company Nude Estates, which bought the Ausra shopping centre in 2007.
Bono’s spokeswoman told the paper that the rocker, whose real name is Paul Hewson, was a “passive minority investor in Nude Estates Malta Ltd., a company that was legally registered in Malta until it was voluntarily wound up in 2015.”
The Irish band, well known for its poverty-fighting efforts, has faced past criticism over its tax arrangements.