Live Aid Tax Boost
LIVE AID organisers have been given a $7.2 million (GBP4 million) financial boost by the British Government.
Rockers SIR BOB GELDOF and MIDGE URE, who planned LIVE AID and the original and upcoming remixed BAND AID singles, will be given a rebate on all value added tax (17.5 per cent) paid on a new DVD of the 1985 concert and the new version of single DO THEY KNOW IT'S CHRISTMAS?
The gesture, made yesterday (7NOV04) by Chancellor of the Exchequer GORDON BROWN, could be worth more than $7.2 million for the charity.
ROBBIE WILLIAMS, DIDO, TRAVIS, KEANE, EMBRACE, THE SUGABABES, THE DARKNESS, SNOW PATROL, JAMELIA, NATASHA BEDINGFIELD and COLDPLAY will all perform on the new single - which will raise money for refugees in the Darfur region of Sudan.
Former BOOMTOWN RATS frontman Geldof praised Brown's decision as "a remarkable gesture. It will be a hugely significant sum."08/11/2004 14:18