They call themselves the Glimmer Twins – but perhaps Sir Mick Jagger and Keith Richards should be upgraded to solid gold.
The previous year, ending December 2020, they paid $75,000 in tax but reported receivables – including royalties, which are then counted as assets – of $33million . Totting the figures up all the way back to 2013, the company's receivables total $180.9million , but the tax paid totals only $1.53million – equivalent to a rate of 0.84 per cent. There is no suggestion that Promogroup BV is paying anything other than the required tax due by law, and it is not known how much additional tax the Stones pay as individuals.
The Stones' former financial adviser, the late Prince Rupert Loewenstein, set up a series of Dutch corporations and trusts that helped them pay minimal tax. Promogroup BV, founded by Prince Rupert in 1984, is the holding company. Jagger and Richards pictured in 1963. Along with the rest of the band, they have become extremely wealthyJagger and Ronnie Wood enjoy the the La Liga EA Sports match in October last year