The Corner

U2 and the Taxman

I’ve been listening to the new U2 album, No Line on the Horizon, and enjoying it. The best song is the first one, which is the title track, and several others sound pretty good, too. I especially like one called “Magnificent.” There’s a nice write-up in today’s WSJ.

Which brings me to taxes. Apparently, U2 doesn’t enjoy paying them–the band recently moved its publishing company from Ireland to the Netherlands, where the taxes on artist royalties are much lower. Who can blame them? Let’s hope that Bono now includes low taxes as a part of his global campaign against debt relief for poor countries. And maybe the next time U2 goes on tour, they can cover the classic Beatles song, “Taxman”:

Should five per cent appear too small,

Be thankful I don’t take it all.

’Cause I’m the taxman,

Yeah, I’m the taxman.

(Hat tip: Big Hollywood.)

John J. Miller, the national correspondent for National Review and host of its Great Books podcast, is the director of the Dow Journalism Program at Hillsdale College. He is the author of A Gift of Freedom: How the John M. Olin Foundation Changed America.

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