Quantcast Mamma Mia! That's A Big Tax Bill!
Search by tag or site Login to my blog ? Start my own blog














TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

Don't Mess With Taxes

Taxes. Sure you hate 'em, but you're stuck with 'em. Either that, or you're stuck in a federal jail cell. We'll make your tax tasks less, well, taxing, and help cure your personal finance ills with regular dosesof money news, notices, tips, commentary, insight and humor, courtesy of Texas journalist Kay Bell.

Mamma Mia! That's A Big Tax Bill!

Posted on 01/05/2007 20:07 PM | Link | Post Comment

Swedish tax officials say ABBA star Bjorn Ulvaeus owes $2.1 million for decades-old undeclared royalties from the supergroup's hits. Authorities suspect royalty payments to Ulvaeus were made to companies operating in foreign tax havens.

The Associated Press reports that this is the second time the Swedish Tax Authority has gone after the 61-year-old singer for allegedly unpaid taxes.

Last year, the statlig skatt samlaren (I think that's "tax collector" in Swedish, but I'm at the mercy of an online translator, so ... ) claimed Ulvaeus owed almost $13 million in back taxes, fees and interest on unpaid taxes related to contracts he signed before his 1984 move to England.

In the contracts case, Sweden eventually agreed to reduce the tax bill to around $9.5 million, but Ulvaeus appealed the case. It's pending. No response yet from the singer or any of his people on the royalties allegations.

Although the group last performed together in 1982, its continuing popularity is inexplicably (but obviously that's just me ...) evidenced by the musical Mamma Mia, a hit on Broadway and in touring companies worldwide, and the more than 370 million ABBA albums that have been sold.

Stock Quote or
Examples
Morpheus Trading - Tue Sep 02, 2008 05:21AM
NOTE: Please click on the charts below to enlarge them [read more]
Morpheus Trading - Thu Sep 04, 2008 04:34AM
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Wed Sep 03, 2008 04:35AM
NOTE: Please click on the charts below to enlarge them [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.