Rolling Stones and Taxes

If the Rolling Stones were ever an anti-establishment Age of Aquarius type band, they are certainly not that now.  They are a big, savvy business.

 

The Daily Telegraph did a story earlier this year that Keith Richards, Mick Jagger, and Charlie Watts paid only 1.6% tax on earnings over $120 million.  They did this thru tax shelters and offshore trusts.

 

Turns out they belong to Rolling Stones, Inc., which is a private corporation managed by a Netherlands financial house.  Recently, their finances were made public by Dutch law, because they were doing their wills.  Richards is worth $345 million and Jagger is worth $390 million.

 

Keith Richards explained to an interviewer that all their business activities are based on tax laws.  For example, they do all their rehersals for North American tours in Canada, not the U.S.