Wednesday, November 26, 2014

Skanska denies tax dodging – Swedish newspaper Svenska Dagbladet

Skanska denies tax dodging – Swedish newspaper Svenska Dagbladet

Behind the construction of more than 50 billion is British investment company Innisfree and Swedish Skanska, the latter rejects the data as advanced tax schemes.

– Sorry to hear that they have so aggressive tax planning, says Torbjörn Rosdahl (M ), financial councilor in Stockholm county, in SVT’s Mission Review broadcast Wednesday night.

The alleged tax layup, planned with the help of auditing giant PWC, involves using the internal interest turbines reduce the corporate tax rate in Sweden and pick out interest income free of tax in Luxembourg. Until 2040, it is about interest transfers internally within the company spheres of 1.3 billion.

But Skanska refutes the information on the tax structure. There is no interest-spin. “The loans are designed to finance the construction of hospitals – nothing else,” writes Skanska in a press release prior to the television program broadcast.

None of the other parties involved, Innisfree, or PWC, like in the TV program respond to the moral in the shops. All indicate that the tax lay-ups done within the law.

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