The enterprise, in the Lithuanian city of Utena, is now under investigation for possible tax avoidance, after it allegedly avoided paying £41,500 ($54,500, EUR47,000) in local taxes using an unlawful accounting technique, they reported. The singer said he had been "assured by those running the company that it is fully tax compliant", they reported. "The fact is, I welcome this reporting," he added, calling for public registries in offshore tax centres. Bono, a well-known activist in the fight against Aids in Africa, has received international recognition in recent years for anti-poverty advocacy through his "One" charitable organisation. Indeed this is why my name is on documents rather than in a trust," he added.

Source: The Nation Bangkok November 07, 2017 00:45 UTC