Tuesday, May 02, 2006

Singing star accused of evading Chess taxes

The Swedish tax authority is demanding nearly $11.6 million in back taxes, fees and interest rates from Bjorn Ulvaeus on royalties from ABBA's hits.

According to the Swedish tax agency, Ulvaeus signed a series of contracts before moving to England in 1984. The contracts were meant to hand over the rights to his royalties from ABBA songs and the musical Chess to different companies.

But the agency claimed in a decision made in December that the deals were sham contracts and that Ulvaeus still had access to the money and should include them as his personal income.

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