Irish rock band U2 has transferred the music publishing wing of its company, U2 Limited, from Dublin to Amsterdam following a change in Irish tax exemption laws. The U2 Limited company, which owns all the U2 master tapes, has set up on the Herengracht in the historic centre of the Dutch capital. Under Netherlands taxation law, royalties from record sales, cover versions and radio airplay are not directly taxed. Legendary rock stars the Rolling Stones transferred the music and audio-visual rights section of their financial empire to Amsterdam in April.
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