A Lithuanian shopping center U2 frontman Bono invested in has agreed to pay additional taxes and late payment penalties, 15min.lt reported on Friday.
Bono
© Reuters / Scanpix

Officials from the Lithuanian State Tax Inspectorate confirmed to the news website that Nude Estates 2, the owner of the Aušra mall in Utena, a town 100 kilometres north of Vilnius, had agreed to pay more than 50,000 euros to the state in taxes for the year 2012 following an investigation by the tax authority, but they gave no details.

According to the so-called Paradise Papers leaks, the Irish singer, whose real name is Paul David Hewson, is a passive shareholder in Nude Estates I, a Guernsey-registered company that owns the 3,700-square-meter mall in Utena. Malta-registered Nude Estates 2 sold its Lithuanian business to the Guernsey company in 2012.

Bono has expressed concern that the Lithuanian mall he invested in may have avoided paying taxes and said that he "welcomed the reporting" of the leak.

BNS
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Proposals to charge employers with specifying wages in job adverts received negatively

The amendments to the Labour Code proposed by the “Farmers”, where employers would have to...

Proposals on air quality: maximum odour concentration in air to be reduced

In order to improve air quality and reduce discomfort for those residing near industry, manufacturing...

Capella Baltica increasing investment in Klaipėda FEZ

Capella Baltica, a Spanish cosmetics and food industry supplier, has increased the amount of its...

How blockchain technology will change the world trade?

The field of research of World Trade Organisation chief analyst Emmanuelle Ganne is the application of...

Welcome to Vilnius workshops to support foreign talent relocating to Lithuania’s capital

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business...