Clothing chief tops Swedish tax league

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.