…on the tax front.
Bjorn Ulvaeus, a member of the Swedish pop group ABBA, has been charged with tax evasion. He is accused of not paying 87 million kronor ($11.7 million) in taxes on royalties from ABBA’s songs and musicals.
The Swedish government accuse Ulvaeus of setting up offshore entities to avoid paying taxes. Mr. Ulvaeus’ attorney denies the charges.
Additionally, The Local reports that a second member of ABBA, Anni-Frid Reuss-Lyngstad, is accused of owing 12 million kronor in unpaid tax, interest, and penalties. She is accused of illegally moving her share of royalty income to a Panama based company.
ABBA’s songs are featured in the musical “Mamma Mia,” which is currently appearing on Broadway and in Las Vegas. Conveniently, two of ABBA’s songs are Money, Money, Money and SOS.
