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02 Aug 2006
The Rolling Stones, the world’s oldest and arguably most successful rock band – bar the Beatles – has paid just £3.8m in taxes in two decades of music making and touring.
According to The Independent, Mick Jagger and company, earned a whopping £240m over the last 20 years, but paid just 1.6% of this back in taxes because the band’s parent business entity, Promogroup is based in the Netherlands.
The band's tax rate is so low because there is no direct tax on royalties in the Netherlands, unlike in other countries.
Since 1972, the Stones have been putting all their royalties into the Netherlands.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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