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.

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