Supreme Administrative Court rules that dividend from Järnbron is taxable
The dividend Järnbron AB paid to Skåne-Gripen AB in 1987 and which the company treated as tax-free is taxable according to a ruling handed down by the Supreme Administrative Court on February 28. The tax case was in process when Skanska acquired Skåne-Gripen in 1996. The ruling means that tax plus interest totaling approximately SEK 350 M must be paid. Since Skanska has already allocated a provision for this amount, its earnings will not be affected.
Supreme Administrative Court rules that dividend from Järnbron is taxable
The dividend Järnbron AB paid to Skåne-Gripen AB in 1987 and which the company treated as tax-free is taxable according to a ruling handed down by the Supreme Administrative Court on February 28. The tax case was in process when Skanska acquired Skåne-Gripen in 1996. The ruling means that tax plus interest totaling approximately SEK 350 M must be paid. Since Skanska has already allocated a provision for this amount, its earnings will not be affected.
Stockholm, March 1, 2000
SKANSKA AB
Group Communications
-----------------------------------------------------------------------------------------------
For further information, contact:
Jan Bengtsson, Controller Skanska Europe, tel +46 40 14 41 58