Clothing chief tops Swedish tax league
The Local Sweden - [email protected]
Published: 12 Dec, 2008 CET.
Updated: Fri 12 Dec 2008 17:33 CET
The Swedish head of retail clothing giant H&M paid more tax last year than anybody else in the country, business daily Dagens Industri reports.
With a taxable income of 2.3 billion kronor, Stefan Persson paid a whopping 682 million kronor ($84 million) into the state coffers, over 500 million kronor more than his nearest competitor, business tycoon Fredrik Lundberg.
Persson's sister, Lottie Tham, also of H&M, came third on the list with a tax bill last year of 113.5 million kronor.
Musician Benny Andersson came in fifth place, paying 69.3 million kronor on profits from Abba's music and his Stockholm hotel, Rival.
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With a taxable income of 2.3 billion kronor, Stefan Persson paid a whopping 682 million kronor ($84 million) into the state coffers, over 500 million kronor more than his nearest competitor, business tycoon Fredrik Lundberg.
Persson's sister, Lottie Tham, also of H&M, came third on the list with a tax bill last year of 113.5 million kronor.
Musician Benny Andersson came in fifth place, paying 69.3 million kronor on profits from Abba's music and his Stockholm hotel, Rival.
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