Noted tax exile Keith Richards on the Rolling Stones' corporate tax strategies:
"The whole business thing is predicated a lot on the tax laws. It's why we rehearse in Canada and not in the U.S. A lot of our astute moves have been basically keeping up with tax laws, where to go, where not to put it. Whether to sit on it or not. We left England because we'd be paying 98 cents on the dollar. We left, and they lost out. No taxes at all.”
So now you know, all you British Stones fans.
Quoted in Greg Mankiw's blog. ###