HOLLYGOSSIP

Monday, December 17, 2012

Dr. Dre moving his business to Ireland to dodge taxes



via glooce

 



A few weeks ago Dr. Dre was named the highest earning rapper of 2012, thanks to his 51% stake in headphone line Beats by Dre.

Now that Dre is philthy phucking rich he's doing everything he can to hold on to his cash...

Dre earned a whopping $110 million last year, thanks to Beats by Dre,
and now the shrewd business man has moved three subsidiaries of Beats by
Dre to West Cork Ireland to take advantage of their low corporate tax
rate.

The new structure allows Dre to channel money between the separate companies to legally reduce profits and his tax burden.

Source 2



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