The Administrative Court of Appeal gives FinnvedenBulten right in tax ruling
Apr 16, 2013
The Administrative Court of Appeal in Stockholm has in a ruling
dated April 11, 2013 repealed the Swedish tax authority
Skatteverket's ("Skatteverket") review decision of FinnvedenBulten
AB (publ) ("FinnvedenBulten") tax loss carryforwards and grants
that FinnvedenBulten is entitled to reimbursement for costs
associated with the process.
Skatteverket has previously, through review decision, declined
FinnvedenBulten tax loss carryforwards by partially disallowed the
deduction of interest on shareholder loans. FinnvedenBulten has
maintained its former position with the support of leading tax
experts and appealed to the The Administrative Court of Appeal. As
The Administrative Court of Appeal in its ruling April 11, 2013 has
approved FinnvedenBulten's position, carryforwards by approximately
SEK 197 million will be allowed and reimbursement of costs
associated with the process of SEK 300,000. The ruling is expected
to gain legal force in June 2013.
For further information, please contact:
Johan Westman, President and CEO, FinnvedenBulten
Tel: + 46 (0)70-520 59 17, e-mail: email@example.com
NB: The information was submitted for publication on April 16,
2013 at 15.00 CET.
FinnvedenBulten develops and manages industrial businesses,
offering products, technical solutions and systems in metallic
materials. The Group operates as a business partner to
international customers in the engineering industry, primarily the
automotive industry. FinnvedenBulten is structured into two
divisions - Bulten and Finnveden Metal Structures - both with
strong positions in their respective customer segments.
FinnvedenBulten is listed on NASDAQ OMX Stockholm. Further
information at www.finnvedenbulten.com.
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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