Bono pulls out of Maltese company exposed in Paradise Papers

A Malta-based Lithuanian company has agreed to pay €53,000 in back taxes following an investigation prompted by the Paradise Papers revelations and the U2 front man has ended his minority investment in the company.

The Irish singer, whose real name is Paul Hewson, had been a minority investor in a Malta-based company that had purchased a shopping centre in Lithuania through a Malta-based holding company named Nude Estates 2.

After Bono’s link to the Lithuanian firm emerged, a Lithuanian tax expert looked at its accounts and claimed it may have broken the law when it re-valued the Aušra

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