LONDON — Leaked papers revealing investments in tax havens by the world’s wealthy suggest U2 frontman Bono used a company based in low-tax Malta to buy part of a shopping mall in Lithuania. In 2011, protesters inflated a giant balloon reading “U Pay Tax 2?” during U2’s set at the Glastonbury Festival. The Ausra shopping centre is located in the town of Utena, some 100 kilometres (62 miles) north of Lithuania’s capital, Vilnius. Tax officials in Lithuania said Monday they’ve started to investigate papers and documents belonging to UAB Nude Estates 2, a Lithuanian registered company owned by Nude Estates Malta Ltd. and listed as the mall’s owner. Ruta Asadauskaite, spokeswoman for Lithuania’s state tax inspectorate, declined to provide further details.

Source: National Post November 06, 2017 16:52 UTC