March 30, 2019

Sigur Rós accused of avoiding to pay $1 million in taxes

Iceland government have charged Sigur Rós with tax evasion - four member of the rock band stand accused of misreporting figures on their returns between 2011 and 2014, with the group allegedly dodging a total of 151 million Icelandic Krona (or $1.2 million dollars) in taxes. The charges claim that frontman Jónsi Birgisson evaded around a total of $345,000 in income taxes. The rest of the band — Georg Hólm, Kjartan Sveinsson and Orri Pall Dyrason — apparently failed to report $1.6 million in income, avoiding a combined total of $725,000 in taxes. The state also stipulated that Hólm and Dyrason avoided around $150,000 in taxes on their investments. The government has frozen over $6.5 million worth of assets owned by the quartet, including apartments and houses, with the majority belonging to their leader Birgisson who resides in Los Angeles. Consequence of Sound...