And so it is revealed that yet more pop stars are involved in an aggressive tax-avoidance strategy.
But, somehow, it is the rock stars who attract Lost in Showbiz's attention here. In truth, it is not merely their avoiding tax that it objects to although, it admits, the pounds 1bn the Liberty investors attempted to shelter might have come in useful somewhere given, say, the welfare cuts that, according to
Don't sit around in an accountant's office discussing the tax relief available on the cost of buying a dividend in a subsidiary of an offshore parent company, like some kind of square. Go and live in a crumbing mansion in the south of
And, while you're there, behave at all times as if you're some kind of outlaw escaping The Man, who is relentlessly persecuting you because you're too brilliant and free-thinking and thus a terrible threat to the pathetic mores of bourgeois society, rather than, say, a bass player who is too greedy to pay his whack. Write some songs whining about being a tax exile, in the eye-popping belief that this is going to elicit sympathy from your fellow countrymen: yes, we're reduced to using a food bank, but at least we're not that poor guy who has had the inconvenience of relocating his life of non-stop luxury, drugs and shagging to Villefranche-sur-Mer.
Before you leave, don't skulk about secretly pouring money into a tax-avoidance scheme as if you're somehow embarrassed about your actions: make a big old song and dance about it, as though you're convinced it's you that has the moral upper hand.
Take a leaf out
You may scoff at the sheer screw-you arrogance, but it's worth noting that it seemed to go down pretty well with the audience, in marked contrast to, say,
In short, Lost in Showbiz sees the Liberty tax strategy as evidence not merely of greed, but of a wider malaise in popular music. Without wishing to compound the woes of the musical wing of the investors, it offers them this message: You're supposed to be a rock star, a job that brings with it certain responsibilities codified by your forebears. Start doing your job properly or I'm afraid we're going to have to advertise your position.
Arctic Monkeys should heed
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