Bassist Georg Holm said, “We are not denying that we did something wrong.” He continues, “we went out of our way to fix it, find out what happened and pay the money back. But now we are being taken to court for the same thing again. We are not above any law in Iceland, but the law is not correct. And we are speaking out because we have a platform to speak out.”

We are facing potential financial ruin
- Sigur Rós

Sigur Rós have already paid back the £840,000 and fines owed for the tax blunder, however they are now being taken to court again and could either face financial ruin, or jail time. The band claimed the tax evasion was an accounting error and said “we have become victims of an unjust and draconian prosecution by the Icelandic government who are unfairly seeking to portray us as deliberate tax evaders.”

The band also said, in a statement, “We have always provided our full cooperation to all investigations and reached an agreement with the Icelandic tax authorities to pay what we owed plus interest and fines.” The band continued, “Since we discovered that our financial advisors had seriously misled us over our tax liabilities for the period 2011-2014 we have trusted in the judicial process, which we truly believed would exonerate us of any wilful wrongdoing.”

It appears the first case relating to the “error” costing them £840,000 has been settled but they are due back in court for a second appearance over the exact same case, “We have been charged and tried twice for the same offence, our assets have been frozen for years now.”

Author Bio: AC Speed

Senior Editor

I started my career as a music journalist in 2013 and have been involved in the music industry as a touring musician, studio engineer and artist consultant since 2002, as well as previously being a signed artist. My passion for delivering high quality, informative music-related news is a daily driving force behind the content I create. Also a huge gaming nerd! Born in the United Kingdom and currently living in Sweden. Skål!


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