Chasaide added, "Tax avoidance and tax evasion costs the impoverished world at least $160 million every year. This is money urgently required to bring people out of poverty." Spokesperson Andy Storey from the justice group Afri also spoke out, saying, "There are trillions of dollars stashed in tax havens. If that money was taxed in the countries where it was earned, governments would have their own resources to improve the lives of their people."U2 manager Paul McGuinness responded in the Belfast Telegraph, saying, "At least 95 percent of U2's business -- including record and ticket sales -- takes place outside of Ireland and as a result the band pays many different kinds of taxes all over the world." He added, "They continue to remain Ireland-based and are personal investors and employers in the country."
The accusations of financial hypocrisy come just days before the March 3rd release of the quartet's twelfth studio album, No Line On The Horizon.