LIKE GIGWISE ON FACEBOOK TO GET THE HOTTEST NEWS FIRST!


Enjoy bonus videos, photos and posts and have your say on the the latest music!

Not convinced? Check it out.

by Andrew Trendell | Photos by WENN

Tags: Arctic Monkeys

Arctic Monkeys involved in tax avoidance scheme

Gary Barlow, George Michael, Katie Melua and more involved as details are revealed

 

Arctic Monkeys involved in tax avoidance scheme

Photo: WENN

All four members of Arctic Monkeys are among a number of musicians and celebrities who have been named as being part of a controversial tax avoidance scheme, according to reports.

A secret database leaked to The Times newspaper revealed around 1,600 people who tried to shelter £1.2billion through an 'aggressive tax avoidance scheme' known as the 'Liberty' tax strategy.

While a range of doctors, businessmen and QCs were involved alongside Sir Michael Caine and others, many bands and artists were also named and shamed.

The Time report that all four members of Arctic Monkeys each paid between £38,000 and £84,000 in fees to shelter between £557,000 and £1.1 million - Alex Turner, Jamie Cook, Nick O’Malley and Matt Helders have so far refused to comment. 

It is also claimed that Katie Melua tried to shelter £500,000 through Liberty in 2008 - two years before she told the public that half of her income went on tax, and was nominated Christian Aid’s Tax Superhero Award. Her lawyers then said she only used the scheme under her accountants' advice and has since repaid said cash to the HMRC.

Meanwhile, George Michael is said to have tried to shelter £6.2 million. A spokesman said that is currently 'too busy' to comment. 

Arctic Monkeys return to these shores to play Marlay Park in Dublin on 12 July, T In The Park in Scotland on 13 July and Reading and Leeds Festival over August Bank Holiday weekend. For more information visit Gigwise Tickets

Below: 7 ways Alex Turner became one of music's richest under-30s

Comments
comments powered by Disqus
Most Popular on Gigwise
Hot Tickets
Latest news on Gigwise
Latest Competition

Artist A-Z #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z