Bono's mall in Lithuania, Madonna's medical supplies and Keira Knightley's property empire: Paradise Papers reveal where stars put their cash
The 'Paradise Papers' have revealed that Bono used a firm based in a tax-haven to buy a shopping centre in Lithuania
Bono, Madonna and Keira Knightley are the biggest stars to be named in the Paradise Papers.
The U2 star used a company based in low-tax Malta to buy a shopping centre in Lithuania, the freshly-leaked documents reveal.Madonna, 59, who is worth around £410million ($550million) is also named as shareholder of a medical supplies business based in Bermuda.
The offshore business was set up in 1997 but shut down 17 years later in 2013.
And British actress Keira Knightley, 32, who is worth around £38million ($50million), is also reportedly named as an investor in a Jersey-based property business.
Madonna is said to have been a shareholder in a Bermuda-based medical company while Keira Knightley (pictured with her husband James Righton) has been linked to a Jersey-based real estate company
The Ausra mall was bought for £5.1 million ten years ago through Maltese firm Nude Estates, of which Irish rock star Bono was a director.
Ownership of the shopping centre was later transferred to a company in low-tax Guernsey, Nude Estates 1.
Maltese firms pay tax at just 5 per cent. In Guernsey there is no tax on company profits. Taking any such profits to Britain, or Ireland, would however incur tax.
A spokesman for Bono told The Guardian: ‘Bono was a passive, minority investor in Nude Estates Malta Ltd, a company that was legally registered in Malta until it was voluntarily wound up in 2015. Malta is a well-established holding company jurisdiction within the EU.’
The U2 star used a company based in low-tax Malta to buy a shopping centre in Lithuania, the freshly-leaked documents reveal.Madonna, 59, who is worth around £410million ($550million) is also named as shareholder of a medical supplies business based in Bermuda.
The offshore business was set up in 1997 but shut down 17 years later in 2013.
And British actress Keira Knightley, 32, who is worth around £38million ($50million), is also reportedly named as an investor in a Jersey-based property business.
Madonna is said to have been a shareholder in a Bermuda-based medical company while Keira Knightley (pictured with her husband James Righton) has been linked to a Jersey-based real estate company
The Ausra mall was bought for £5.1 million ten years ago through Maltese firm Nude Estates, of which Irish rock star Bono was a director.
Ownership of the shopping centre was later transferred to a company in low-tax Guernsey, Nude Estates 1.
Maltese firms pay tax at just 5 per cent. In Guernsey there is no tax on company profits. Taking any such profits to Britain, or Ireland, would however incur tax.
A spokesman for Bono told The Guardian: ‘Bono was a passive, minority investor in Nude Estates Malta Ltd, a company that was legally registered in Malta until it was voluntarily wound up in 2015. Malta is a well-established holding company jurisdiction within the EU.’
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