You gotta love a story like this. Evidently rock singer Bono and his band U2 have moved their music publishing business from Ireland to the Netherlands. Why? According to some, they are trying to get around taxes on music royalties. People will go to great lengths to save money on taxes, and it usually is more than worth it financially.

Click here for more coverage from the TaxProf Blog.
Best,
James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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