Mick Jagger and Keith Richards maintaining corporate Promogroup BV, has accrued a considerable source of revenue of a minimum of $180 million (£142 million) over the span of 9 years.
The tax paid by means of the corporate quantities to lower than 1 p.c of this general earnings.
Since 2013, The Rolling Stones corporate has quietly gathered thousands and thousands in profits, consistent with the data.
In the newest submitting, submitted in March of this hour, the corporate’s administrators disclosed that their ‘receivables’ for the length spanning January to December 2021 reached $25 million.
On the other hand, the tax paid right through this life length amounted to a trifling $213,000 (£168,000).
In keeping with calculations spanning again to 2013, Promogroup has gathered receivables totaling $180.9 million age the tax paid quantities to a trifling $1.53m, identical to a tax charge of roughly 0.84 p.c.
There’s no indication that Promogroup BV is performing unlawfully in its tax bills, and the person tax liabilities of Mick Jagger and Keith Richards don’t seem to be disclosed.
BV manages the monetary affairs of Mick Jagger, Keith Richards, and the property of the past due drummer Charlie Watts, age guitarist Ronnie Plank handles his personal tax issues.
The band has a historical past of in quest of felony avenues to reduce their tax responsibilities, relationship again to 1971 once they entered tax exile next finding a vital tax debt to HM Income and Customs.
