Björn Ulvaeus wins tax case

From mail.com – thanks again to Niclas.

Bjorn Ulvaeus’ legal adviser says a court approved his appeal against a decision to increase the amount of his income it considered taxable. Ulvaeus signed contracts to hand over the rights to his song royalties to different companies. He claimed that excluded them from his personal income.

Swedish authorities had claimed the deals were shams and that the star still had access to the money and should include them as his income. Ulvaeus was part of the Swedish pop group in the 1970s and 1980s, and has since co-written several musicals including the hit ‘Mamma Mia!’ that was made into a recent film.

From Sydney Morning Herald:

Former ABBA member Bjorn Ulvaeus has won an appeal against Swedish tax authorities.

Ulvaeus has for several years battled with the tax authorities over how much tax he should pay on royalty income, mainly from ABBA recordings.

The county administrative court ruled against the tax authorities that had wanted the successful composer and former ABBA member to pay an additional 85 million kronor (AUS$17.25 million) for the period 1999-2005.

"I am of course very happy that I have been informed in writing that I have always done the right thing concerning my taxes," Ulvaeus was quoted as telling the online edition of the economics magazine Privata Affarer.

The case centred on whether Ulvaeus personally should pay income tax on the earnings or if a company that he set up abroad was responsible for the payments.

Many artists favour setting up a special company to handle the payments, the magazine said. Ulvaeus earlier paid the 85 million kronor as a precautionary measure.

The tax authority said it was to analyse the ruling before considering an appeal.

After ABBA stopped recording and touring, Ulvaeus and former ABBA member Benny Andersson continued to collaborate and composed several popular musicals including Chess and Mamma Mia, further increasing their wealth.

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