Icelandic rock band Sigur Ros charged with tax evasion - InfoNews

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Icelandic rock band Sigur Ros charged with tax evasion

FILE - In this Sunday, Oct. 13, 2013 file photo, Jon Thor Birgisson, center, from the Icelandic rock group Sigur Ros, performs at the Corona Capital music festival in Mexico City. Members of the Icelandic band Sigur Ros have been charged with tax evasion, three years after local authorities launched a probe into the avant-garde rock band’s finances. The indictment, issued by the District Prosecutor on Thursday, March 28, 2019 accuses the Nordic nation’s prominent musicians of submitting incorrect tax returns from 2011 to 2014, evading a total of 151 million Icelandic Krona ($1.2 million). (AP Photo/Christian Palma, file)
March 28, 2019 - 1:57 PM

REYKJAVIK, Iceland - Members of the Icelandic band Sigur Ros have been charged with tax evasion, three years after local authorities launched a probe into the avant-garde rock band's finances.

The indictment, issued by the District Prosecutor on Thursday, accuses the prominent musicians in the Nordic nation of submitting incorrect tax returns from 2011 to 2014, evading a total of 151 million Icelandic Krona ($1.2 million).

Band members fault their former accountant and say they have co-operated with tax authorities after learning about his mishandling. In a statement Thursday, the band vowed to clear its name and said it "regrets seeing the case end up in court."

While the tax case is pending trial, assets belonging to the four — apartments and houses worth $6.5 million — will remain frozen by the authorities. Two-thirds of the assets belong to frontman Jon Thor Birgisson, who currently lives in Los Angeles.

Birgisson is charged with evading about $240,000 in income taxes and a further $105,000 in taxes on his investment income.

According to the prosecutor, other band members — Georg Holm, Kjartan Sveinsson and Orri Pall Dyrason — allegedly neglected reporting a total of $1.6 million in income, of which they should have paid about $725,000 in taxes.

In Iceland, general income tax for high earners is 46 per cent.

Holm and Dyrason are also accused of evading about $150,000 in taxes on investments.

"The members of Sigur Ros are musicians — not experts on bookkeeping and international finance," defence lawyer Bjarnfredur Olafsson said in a statement.

A court date has not set.

News from © The Associated Press, 2019
The Associated Press

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