Have you ever heard of Pop Stars donating the proceeds of a single or concert to Charity?
Of course you have, it happens very year, especially at Christmas.
But do they really donate all the proceeds of these singles, and who exactly is checking up on this?
Also, if Said popstar earns 10,000 Euro from a single and donates exaclty that amount to a registered charity, then he/she may claim tax relief (in Ireland) of approximately 4,100 Euro. That is of course if they have paid sufficient tax in the current year at the higher rate...
So when a popstar says he/she is donating all the proceeds of a single to charity, is the tax rebait also considered a proceed??
Of course They dont like to talk about it mate!!
Lets make sure all this money (including the taxpayers) is going to the worthy causes///