Re: experience.rollingstones.com - Exile Details ++
Date: May 13, 2022 18:38
Lots of pictures I've never seen on the site.
Tax situation quoted on the site...
After years of financial mismanagement and inadvertently signing over the rights to their entire back catalogue – pre Sticky Fingers – the Stones business and financial affairs were in a bad way.
Due to the Labour government’s punitive 93% tax on high earners, the Rolling Stones were forced to pay up or leave – they had no choice but to tax exile themselves from England, with the entire band uprooting and moving to France.
"It was impossible to earn enough money to pay back the Inland Revenue and stay in England. I had to get out of the country to pay the tax incurred for me."
Mick Jagger
"It was the only thing to do. What do they call it, a break in earnings? It worked out, thank goodness."
Charlie Watts
"We didn't have any money, when I say no money, I mean no money, nothing"
Mick Jagger
"None of us had paid tax, we thought we had, we thought it had been dealt with - it hadn't."
Bill Wyman
Edited 1 time(s). Last edit at 2022-05-13 18:40 by MizzAmandaJonez.