Bjorn Ulvaeus, one quarter of super group Abba, is facing charges from regulators that he failed to pay more than $11.5 million in taxes on song royalties.
According to local newspapers, the Swedish Tax Board has accused Ulvaeus of using an offshore tax haven to avoid paying the country's income tax. Sweden's income taxes, with a top rate of nearly 60 percent, are among the highest in the world.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access