NC Advisory AB wins final judgement over Tax Agency – Supreme Administrative Court denies leave to appeal
November 05 2014
Information regarding tax case:
The Swedish Supreme Administrative Court has denied the Swedish Tax Agency's leave to appeal. This confirms the previous clear ruling from the Administrative Court of Appeal in December 2013 that the company has paid tax in accordance with applicable law.
"The ruling by the Administrative Court of Appeal is clear, and we are pleased that we are now able to conclude these legal proceedings." says Joakim Karlsson, Managing Partner, NC Advisory AB, advisor to the Nordic Capital Funds.
"It is positive for Sweden that we now have a legal ruling in place that encourages private equity funds, their advisors as well as international investors to invest in Sweden. Sweden as a country has thereby demonstrated awareness of the private equity industry's value for building a stronger, more enterprising Sweden," adds Kristoffer Melinder, also Managing Partner at NC Advisory AB, advisor to the Nordic Capital Funds.
The court ruling at issue concerns fiscal years 2007-08.
Katarina Janerud, Communication
NC Advisory AB, advisor to the Nordic Capital Funds
tel. +46 8 440 50 69
Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. The Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory entities in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com