Bono has responded to accusations that U2 attempted to protect millions of pounds of their fortune in overseas tax havens.
He insisted that not only have the band forked out millions in taxes over the years, but that it was financially “sensible” for them to move large amounts of their wealth to the Netherlands.
Speaking to Sky News, he said: “It is just some smart people we have working for us trying to be sensible about the way we are taxed.
“We pay a fortune in tax, a fortune, just so people know, and we're happy to pay a fortune in tax.
“Because you're good at philanthropy and because I am an activist people think you should be stupid in business and I don't run with that.”
His bandmate, guitarist The Edge, said it was “ridiculous” to make such a big deal out of the Netherlands account because so much of their business was outside of Ireland.
U2, who have just started their first tour in four years, enjoyed the spoils of the highest grossing string of shows in history with their last stadium tour.
Funniest PR fails
Funniest PR fails
U2 thought they would give away their first album in five years for free to 500 million iTunes customers in September.
It turns out not everyone wanted Songs of Innocence popping up on their iPods.
2/5 Rita Ora
The “I Will Never Let You Down” singer tweeted that she would release her new single the Monday after Halloween if she received 100,000 retweets.
But after receiving less than 2,000, she deleted the tweet.
Obviously, it didn't go unnoticed.
3/5 Susan Boyle
Look, we're not going to explain this one to you but let's just say that someone should have re-read this hashtag a few times...
It did refer to an album party, by the way. Susan Boyle was launching her new release, Standing Ovation, back in 2012. Cue multiple parody accounts and general hilarity in the Twittersphere.
Needless to say, it was hastily changed to #SusanBoylesAlbumParty
Ryanair boss Michael O'Leary took to Twitter for a live Q&A in October 2013, using the hashtag #GrillMOL
Let's just say it didn't go too well...
In the wake of the horsemeat scandal, the Tesco Customer Care Twitter account posted a tweet that appeared to make light of the incident.
It said: "It's sleepy time so we're off to hit the hay! See you at 8am for more tweets. #TescoTweets"
It was criticised for being in bad taste but people found it quite funny too.
It turned out the tweet had been scheduled before the news broke.
Meanwhile, Bono is still recovering from the injuries he suffered after he fell off his bicycle in New York last year.
“I just feel so stupid,” he said.
“I did make a mess of myself but I'm strong now and feel good.”