SCA taxable incomes increased by 3 billion – Business Week

SCA taxable incomes increased by 3 billion – Business Week

The Tax Agency rejects SCA’s interest deduction and upptaxerar subsidiary of over 3 billion.

The Tax Agency disallows interest deductions of a forest and hygiene group SCA’s subsidiaries and upptaxerar SCA Treasury with over 3 billion, writes SvD Business on Tuesday.

Stockholm branch of the subsidiary SCA Treasury has since 2004 managed a part of SCA’s treasury and including deduct the interest on loans from subsidiary SCA Finans.

According to the Tax Agency branch has not, however, entitled to deduct the interest on intercompany loans that financed the purchase of shares in 2004, according to SvD.

“Because upptaxerar Tax Board SCA’s Stockholm branch with a total of 3.29 billion for the years 2009 to 2013. A 40 percent penalty tax will also” the newspaper said.