Stones go Dutch

02 August 2006

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The rolling stones have saved over £100 million over the last 20 years, through careful handling of their money, and a mistrust of british financial advisers.

Their £240 million earnings, over that time, has instead attracted a tiny tax bill of just £4million - just 1.6%, thanks to a dutch finance house, who ran their money through accounts in the caribbean.

The information was made public, when the stones recently made a will - as under dutch law, certain informatoin must be made public.

Their money has been invested in the country for the last 35 years, because they did not trust finance companied in the UK to take care of their accounts. In holland, there is no tax on Royalties, meaning that just a fraction of their earnings were eligible to pay tax.

The band have been tax exiles since 1972, meaning that they cannot make the UK their main home.

U2, were obviously so impressed by the group's financial arrangements, they now share the same Financial Director

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