Members of the band set up a complex financial structure in 1972 to reduce the amount of their taxes. Their holding company, Promogroup, has offices in both the Netherlands and the Caribbean. The Netherlands was chosen because it does not directly tax royalty payments. The band have been tax exiles ever since, meaning they can no longer use Britain as their main residence. Due to the arrangements with the holding company, the band has reportedly paid a tax of just 1.6% on their total earnings of £242 million over the past 20 years.